Provision System Build Limited (08957696): administration
- Status
- Administration ended
- Administration began
- 2015-10-14
- Administrators
- Christopher Brooksbank
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-03-25
- Location
- Cleckheaton
- Industry
- 16230 Manufacture of other builders' carpentry and joinery
Why it went into administration
- Property / lease costs
From the administrators' statement
Provision System Build Limited (the ‘Company') was incorporated on 25 March 2014 The Company operated as timber frame designers and manufacturers, and was an extension of a group of ‘Provision’ companies, that grew from the original parent company called Provision UK Ltd The ‘Provision’ group specialised in the architecture, design, project management and construction of building projects to churches and charities The Company operated on an autonomous basis whilst still linked intrinsically to the parent company and was the last piece in the jigsaw in providing a complete package for their clents from inception to construction as a cohesive unit
The Company traded from leasehold premises situated at Bay 1, Rosemount Works, Huddersfield Road, Elland, HX5 OEE
! am advised that the Company initially traded successfully and the cooperation and collaboration between the ‘provision’ companies worked well Unfortunately after this time the construction and building side of the business began to flounder and decisions were made which incurred heavy losses This resulted in the ‘provision’ building company, ProMay Construction (Midlands) Limited (‘ProMay’) being placed into Creditors Voluntary Liquidation on 26 March 2015 As a consequence of this, the financial tmplications weakened the foundations of the other ‘proviston’ companies and tt became apparent that in the efforts to save ProMay this had created large debts within this Company, Provision Concepts Limited and Provision UK Limited As a result, the Directors sought independent financial advice with a view to insolvency proceedings
Administrators' statement of proposals (2015-12-14) · Companies House register