Homesafe Scaffolding Ltd (07514405): administration
- Status
- Administration ended
- Administration began
- 2018-11-14
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-02-02
- Location
- Preston
- Industry
- 43991 Scaffold erection
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 2 February 2011 by Michael Paul Ayre (‘the Director’) for the purpose of providing scaffold, the erection of such and removal of the same.
After several years of profitable trading the Company's biggest client began to reduce the amount of work they provided to the Company.
The reduction in work from such a key client had a drastic effect on the Company's cash flow. Attempts were made to improve the position by reducing the workforce and gaining new contracts, however, these were unsuccessful. As a result decision was made to seek advice regarding the next course of action. Begbies Traynor (Central) LLP were initially approached in August 2018 to outline the options available to the Director. This information was taken on board, however, the Director wanted to make one last attempt to save the Company through generating new short term work to cover immediate overheads.
Administrators' statement of proposals (2019-01-21) · Companies House register