Bromley Timber and Builders Merchant Ltd (07716436): administration
- Status
- In administration
- Administration began
- 2026-08-12
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2011-07-25
- Location
- Weybridge
- Industry
- 46130 Agents involved in the sale of timber and building materials
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Creditor pressure / legal action
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of the Company and not from our personal knowledge as Joint Administrators.
After over ten years of successful trading, the Company’s founders discussed selling the business. On 28 June 2024, the shares in the Company were acquired by BT2024 Limited, a vehicle set up to acquire the business by one of the Company’s current directors, Daniel Sims (“the Director”). The acquisition included deferred consideration, which was secured by fixed and floating charges, with the charge being delivered to Companies House on 8 July 2024.
Following completion of the acquisition in July 2024, Daniel Sims took over the business. Trading remained successful into mid-2025.
Administrators' statement of proposals (2026-10-14) · Companies House register