From the administrators' statement

As referred to above, the Company traded in the engineering and construction sectors, from a leasehold premises. The Company operated an invoice factoring agreement with Aldermore Bank PLC (“AB”).

In May 2019, Michael Mummery resigned as director, and the ‘evel of new work secured by the business decreased. The Company’s cash flow suffered as a result, and the business became more dependent on borrowing from AB to fund its day to day trade.

In late-2019, the Company fell into a dispute with one of its key contractors in respect of a disagreement over the use of sub-contractors. The Company withheld payment 3.4

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Infrastructure Developments Limited (08785458)

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