Will Nixon Construction Group Limited (08522633): administration
- Status
- Administration ended
- Administration began
- 2020-02-26
- Administrators' firm
- Recovery & Tumaraund
- Formerly
- Will Nixon Group Limited
- Incorporated
- 2013-05-09
- Location
- Matlock
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
Will Nixon Construction Group Ltd (“WNCGL”) was incorporated on Sth May 2613 and commenced trading on ist April 2014. The company traded within the construction industry, providing groundworks and civils services. The business grew over the next four years, acquiring plant and machinery (‘P&M") as well as delivering contractual works. Tumover increased from £1M in the first year to £9.5M by the end of year four. The business was profitable, although margins are traditionally tight in the industry, and the company had a strong reputation for delivering on its projects.
Group Structure
Administrators' statement of proposals (2020-04-29) · Companies House register