Imperium Contracts Limited (07114733): administration
- Status
- Administration ended
- Administration began
- 2020-09-09
- Administrators
- Paul Ellison, David Ronald Taylor
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- JVM Contract Services Limited; Nuspec Limited; MAY Diecasting Ltd
- Incorporated
- 2009-12-31
- Location
- Reading
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The following narrative has been produced from statements provided by the Company’s director. Creditors should note therefore that neither the Joint Administrators nor KRE Corporate Recovery Limited accept any responsibility for any inaccuracies contained herein.
3.1 On Friday the 14th August 2020 at approximately 4pm, the director received a telephone call from one of the Company’s clients, terminating the Contract. The client stated that no payment would be made against the latest valuation of £96k and they would absolve Imperium of any warranties, thus with holding the £70k retention pot.
3.2 The basis of the termination is currently being reviewed by the Administrators and their Quantity Surveyors
Administrators' statement of proposals (2020-11-28) · Companies House register