Glenevin Ltd (08397690): administration
- Status
- Administration ended
- Administration began
- 2024-09-06
- Administrators
- Gareth Harris, Lee Van Lockwood
- Administrators' firm
- RSM
- Formerly
- Glenevin Construction Ltd
- Incorporated
- 2013-02-11
- Location
- Leeds
- Industry
- 42220 Construction of utility projects for electricity and telecommunications
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Relevant extracts from the Company’s annual financial statements for FY21 to FY23 and management accounts for FY23 and FY24 are summarised below.
£m FY21 FY22 FY23 FY24 Revenue 20.7 38.2 45.5 25.4 Gross Profit 4.2 8.2 7.9 2.7 EBITDA 1.5 2.9 0.2 (1.8) Net Assets 2.5 4.5 3.7 0.1
Administrators' statement of proposals (2024-09-18) · Companies House register