CGM Yorkshire Ltd (07292297): administration
- Status
- Administration ended
- Administration began
- 2012-05-11
- Incorporated
- 2010-06-22
- Location
- Sheffield
- Industry
- 4521
Why it went into administration
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
CGM Yorkshire Limited operated as a ground-work subcontractor from premises at Whitacre Industrial Park, Huddersfeld
The Company first started to experience financial problems late 2011, as the Company had no work during part of November and December However, the Company managed to obtain contracts late in December to commence in the New Year
One contract in particular from Strategic Team Group would have brought the Company through tts cashflow difficulties with a little assistance from Regency Unfortunately, at the last minute this contract was given to a local sub-contractor
Administrators' statement of proposals (2012-07-09) · Companies House register