# Bardsley Group Limited (08278065)

> Why UK company 08278065 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08278065

- **Status:** Administration ended
- **Administration began:** 2019-12-19
- **Administrators:** Sarah Megan Rayment
- **Administrators' firm:** Kroll
- **Formerly:** Project Gabriel Limited
- **Incorporated:** 2012-11-01
- **Location:** Manchester
- **Industry:** 64203 Activities of construction holding companies

## Why it went into administration

- Sustained trading losses
- Loss-making contracts / project overruns
- Parent or group failure

## From the administrators' statement

The main reasons for the Group's failure was as a result of contractual issues in late 2018 on three major projects which negatively impacted revenues by c£3.2m. ultimately resulting in trading losses of c£2 6m being accrued for the year

In addition to the above, new work streams had been slow tn the first half of 2019 with several opportunities turned down due to the nature and risk related to them However, a number of pending tenders were won in the months of October and November 2019 which strengthened the order book for 2020 However, as the newly won contracts were not planned to start until the New Year. there was a gap in the cash flow that further impacted the Group s balance sheet

Joint Administrators Report to Creditors and Statement of Proposals 11 February 2020

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08278065/filing-history/MzI1NzI4MDg5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08278065

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.