Mars Construct Ltd (08584181): administration
- Status
- Administration ended
- Administration began
- 2020-05-20
- Administrators
- Simon Weir
- Administrators' firm
- DS Insolvency
- Incorporated
- 2013-06-25
- Location
- Wakefield
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
Due to mounting creditor pressure the Directors resolved week commencing 4 May 2020 that the Company would be unable to avoid some form of formal insolvency procedure.
The Directors were advised that a trade creditor owed £242,567 would issue a winding up petition on 11 May 2020 and that other action was imminent from other large creditors.
The Directors sought advice from the Company’s Solicitors Excello Law and from Licensed Insolvency Practitioners, DS! Business Recovery.
Administrators' statement of proposals (2020-07-13) · Companies House register