Mack Civils and Construction Limited (07454858): administration
- Status
- Administration ended
- Administration began
- 2022-04-08
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2010-11-30
- Location
- Bristol
- Industry
- 42110 Construction of roads and motorways
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 30 November 2010 and operated as a civil construction contractor providing labour for projects in the South West region, predominately in Somerset and Wiltshire area.
The Company enjoyed some 8 years of consistently profitable trading and established a solid client base including various public utility companies, and had a workforce of about 50 people. The Company made a profit of some £148k for the financial year ended December 2018 but then suffered a trading loss of £49k in the following year due to a fall in sales and increases in respect of its operating costs.
The Company then subsequently experienced a further dramatic decline in turnover as a result of the Covid19 pandemic in March 2020 which resulted in cash flow issues, and liabilities, such as amounts due to HMRC, started to accrue. The Company therefore sought some additional funding and secured a CBILS loan of £100,000 from Barclays Bank in May 2020. The Company was also received further financial support by way of coronavirus job retention scheme grants
Administrators' statement of proposals (2022-05-16) · Companies House register