Maguire Concrete Limited (07165405): administration
- Status
- Administration ended
- Administration began
- 2022-08-18
- Administrators
- Clive Morris
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-02-23
- Location
- Preston
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
From the administrators' statement
Secretary, and Shareholders is provided at Attachment B.
3.1 As detailed above, creditor |evel began to rise and various creditors began to issue
threats of enforcement action. Although turnover had increased by 53% from 2020 to 2021, the cost of sales and administrative expenses remained high which impacted margins and further reduced the Company's ability to pay liabilities.
Administrators' statement of proposals (2022-10-17) · Companies House register