Goodwin's Construction Services Group Limited (09009714): administration
- Status
- In administration
- Administration began
- 2020-11-11
- Administrators
- Anthony Collier, John Anthony Lowe, Yasmin Bhikha
- Administrators' firm
- FRP Advisory
- Formerly
- Goodwin Construction Group Limited; Goodwin Developments Cheshire Limited
- Incorporated
- 2014-04-24
- Location
- Meridian Business Park
- Industry
- 41100 Development of building projects
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
A loss of future revenue as a result of customer disputes and Covid-19 coupled with the lock down shutting sites and delaying current projects led to creditor arrears and cash flow issues. The Company obtained funding however this was not considered enough by management and further funding was not available, which ultimately led to FRP being contacted to provide advice on the Company’s financial position.
Appointment of the Administrators FRP were instructed to market the business and assets for sale. Sales flyer was issued to 406 interested parties, of which 20 signed the non-disclosure agreement to obtain
Goodwin's Construction Services Group Limited (In Administration) The Administrators’ Proposals
Administrators' statement of proposals (2020-12-16) · Companies House register