Daco Construction (Norfolk) Ltd (08954630): administration
- Status
- In administration
- Administration began
- 2025-05-16
- Administrators
- Stuart Philip Kelly, Clare Harsley
- Administrators' firm
- Aaron & Partners
- Incorporated
- 2014-03-24
- Location
- Prescot
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
3.1 The Company obtained a loan with Bizcap on 24 January 2025 for £108,000. This loan was to be repaid in weekly amounts of £4,320 over a period of 25 weeks. The Company maintained regular payments until early May and then began missing payments consistently. Bizcap made attempts to engage with the management of Company but received little co-operation. On 8 May 2025, Bizcap received a Directors’ Notice of Intention to Appoint Administrators from solicitors on behalf of Andrew lan McTear and Hayley Watson both of McTear Williams and Wood Limited. On 9 May 2025, the Company was served with a Winding Up Petition by Travis Parkins Trading Company Limited, with a court hearing scheduled for 24 June 2025. Following this development, McTear Williams & Wood reviewed the Company’s position and revised their strategy. As a result, steps were now being taken to place the Company into Creditors’ Voluntary Liquidation.
3.2 In response, Bizcap contacted SPK Financial Solutions Limited (“SPK”) on 8 May 2025 to engage with the Company and the proposed Administrators to assess the potential for recovery through the Administration process. Upon receipt of further information being made available and the knowledge of the winding up petition being lodged, Bizcap took immediate steps to enforce its security and ensure oversight of the process. This included the preparation of the Notice of Intention to Appoint an Administrator (“NOI”) by SPK, the service of the NOI by Aaron & Partners Solicitors (“A&P”) to all charge holders, and the preparation of the consent to act by A&P for signing by the Insolvency Practitioner.
3.3 Bizcap requested that SPK’s Insolvency Practitioners act as Administrators. The Notice of Intention was filed on 12 May 2025 and issued to the first QFCH, National Westminster Bank PLC. Subsequently, the Notice of Appointment was lodged with the court on 16 May 2025. 3.4 No Moratorium under Part Al of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2025-07-14) · Companies House register