# Imperium Contracts Limited (07114733)

> Why UK company 07114733 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07114733

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07114733/filing-history/MzI4MzY0OTcwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07114733

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.