B & S Construction ( South West) Limited (08490635): administration
- Status
- Administration ended
- Administration began
- 2021-09-14
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2013-04-16
- Location
- Bristol
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 6 April 2013 and operated as a general construction business undertaking groundworks, newbuilds, property renovations and extensions in and around Melksham, Wiltshire.
The Company enjoyed some 7 years of consistently profitable trading, although, following the onset of the Covid19 pandemic in March 2020, the Company required some additional funding and secured a bouncebank loan from Lloyds Bank plc in order to help it deal with the financial challenges posed by the subsequent UK local and national lockdowns.
In recent months, there has been an irreconcilable breakdown in the working relationship between the directors of the Company which resulted in the Company effectively ceasing to trade. As a result, the Company became unable to service the on-going loan repayments and usual overheads.
Administrators' statement of proposals (2021-10-22) · Companies House register