C-Tact Construction Limited (08217163): administration
- Status
- Administration ended
- Administration began
- 2016-10-27
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2012-09-17
- Location
- Halifax
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Representatives of DLP were originally introduced to the directors of the Company at an initial meeting held on 19 July 2016 to provide an overview of the potential options available to the Company should an agreement with William Anelay not be reached. The Company had for all practical purposes ceased to trade as at the end of June 2016 but the directors were keen to recover funds for creditors and restart the business if at all possible.
Foltowing the Administration of Willam Anelay on 8 September 2016 the directors attempted to maintain contact with the Company’s creditors and sought their forbearance pending the issuing of the Administrators’ Statement of Proposals The directors’ preferred course of action was to await a dividend (if any) from the William Anelay insolvency proceedings which could then be utilised to make a return to the creditors of the Company.
However, the directors were unaware that a winding-up petition had already been presented against the Company on 22 August 2016 with a hearing date of 3 October 2016. After explaining the Company’s situation to the petitioning creditor, the directors were able to negotiate the withdrawal of this petition This was on the provision that tf the directors did not commence their own insolvency proceedings by 31 October 2016 then a second petition would be issued
Administrators' statement of proposals (2017-01-07) · Companies House register