Brymor Group Limited (08610898): administration
- Status
- Administration ended
- Administration began
- 2022-07-08
- Administrators
- Mark Granville Firmin, Michael John Magnay
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2013-07-16
- Location
- Brighton
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Sustained trading losses
- Property / lease costs
- Funding withdrawn / unable to refinance
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Loss-making contracts / project overruns
- Brexit
From the administrators' statement
The Company was founded on 16 July 2013 and was primarily a holding company for its subsidiaries (together the “Group”). The Group operated in the construction sector and was based in the South of England.
The Company has no employees and owns freehold property which was rented to a subsidiary, BCL, who used the property as its head office.
BCL was the primary trading entity of the Group and historically contributed substantially all of the Group's revenue. All other entities within the Group either had limited trading or are dormant. No other entity within the Group had any employees.
Administrators' statement of proposals (2022-07-23) · Companies House register