D & A Architectural Limited (07132819): administration
- Status
- In administration
- Administration began
- 2023-04-28
- Administrators
- Grace Jones, Rishi Karia
- Administrators' firm
- Parker Andrews
- Incorporated
- 2010-01-21
- Location
- Norwich
- Industry
- 43290 Other construction installation
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
3.1
Parker Andrews Limited were first approached by the directors on 9 January 2023, as the Company was deemed to be insolvent. The directors were initially keen to rescue the Company by way of proposing a Company Voluntary Arrangement (CVA) to the Company's creditors. It however soon became apparent that this option was unviable as a result of the presentation of the winding up petition by HMRC on 2 March 2023. The winding up petition restricted the Company’s trading and the Company was unable to continue making payments to its team of contractors, who undertook the Company’s work. As such, the directors had little choice but to wind down the work that the Company was undertaking, and was unable to secure further work that would have been secured had the winding up petition not been presented. This has significantly impacted the Company’s turnover and profitability further.
3.2 As aresult of the above, the directors instructed Parker Andrews Limited to assist with placing the Company into Administration and a signed engagement letter was received on 30 March 2023.
Administrators' statement of proposals (2023-05-15) · Companies House register