CIK Design & Build Ltd (07922860): administration
- Status
- Administration ended
- Administration began
- 2014-11-21
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-01-25
- Location
- Manchester
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors as soon as practicable will provide detailed information in relation to the Company However, to assist creditors who may have a limited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company commenced trading in 2012 providing high quality design and butld services to both the private and commercial sector The directors have a significant number of years experience in this industry between them and believed that there was a gap in the market for their business venture In the first year it achieved a turnover of £450,000 and a net profit of £45,461 before tax The last set of accounts showed a turnover of £1 1m Employing 2 staff alongside the directors, they traded from Unit 5, Old Farm Business Park in Southport with their customers being based in the Merseyside area predominantly The Company worked on varying projects from residential dwellings to leisure and retail outlets
It owns no tangible assets, instead it hired these from an associated company, ABS Asset Management which Is a separate entity owned by the same shareholders
Administrators' statement of proposals (2015-01-08) · Companies House register