Eden Architectural Solutions Ltd (07780291): administration
- Status
- In administration
- Administration began
- 2024-01-18
- Administrators
- Gareth Howarth
- Administrators' firm
- Path Business Recovery
- Incorporated
- 2011-09-20
- Location
- Manchester
- Industry
- 71111 Architectural activities
Why it went into administration
- COVID-19
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The business first began experiencing difficulties in March 2020, when the nationwide restrictions put in place following the Covid-19 outbreak led to a reduction in turnover. Despite this, the Director was confident that once the effects of the pandemic subsided, the business would be able to return to profitability.
Unfortunately, as trade continued into 2021, the ongoing lockdowns and global pandemic began to have a significant detrimental effect on the business. The Director’s found that Covid restrictions led to huge delays on in-site works and this had a huge knock-on effect, causing many planning processes to be paused. The Director found also found that its customer base was reluctant to enter into any new contracts due to the ongoing uncertainty.
In addition, the Director noted a large increase in the number of clients entering into Insolvency processes. The Director noted that 6 different contractors and developers entered into Administration during 2021 and 2022. As a result, the
Administrators' statement of proposals (2024-01-31) · Companies House register