Woodlands Decorating Contractors Ltd (07493513): administration
- Status
- Administration ended
- Administration began
- 2016-02-01
- Administrators
- Timothy Colin Hamilton Ball, Guy Robert Thomas Hollander
- Administrators' firm
- Mazars
- Incorporated
- 2011-01-14
- Location
- Bristol
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The business was incorporated in 2011 and provided decorating services as a complementary service to the group’s already well established building contracting business (Woodlands Building Contractors Limited), which had been trading for approximately 100 years As well as completing work for the connected company, Woodlands Decorating Contractors Limited was also employed by both individuals and local businesses to provide a range of decorating/ interior finishing services
Duming the past few years the company’s annual tumover has been steadily declining due to a lack of work in a particularly quiet construction market, and particularly due to a reduced level of work being required of it by its sister company, Woodlands Building Contractors Limited
Mazars LLP was first approached about this matter in July 2015 and, at an imitial meeting at that time between Tim Ball of Mazars LLP and the company’s Directors, the company’s financial position was discussed 1n detail (and as part of a wider discussion about the wider group) At this time, the options available to the company’s Directors were discussed At that time, the Directors concluded that Woodlands Building Contractors Limited should continue to trade with the support of its creditors by way of an informal arrangement (‘the Arrangement”), and it was decided that Woodlands Decorating Contractors Limited should also continue to trade The hope was that the Group companies would be able to successfully trade through the financial difficulties beg encountered
Administrators' statement of proposals (2016-04-05) · Companies House register