J G Chatham Limited (09036204): administration
- Status
- Administration ended
- Administration began
- 2024-09-13
- Administrators
- Edward Williams, Mark James Tobias Banfield, Timothy Andrew Higgins
- Administrators' firm
- PwC
- Incorporated
- 2014-05-13
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company, a subsidiary of TopHat Group, was incorporated in May 2014. The Company was intended to deliver modular homes at the KB development in Chatham, Kent, for TopHat Group. The Company had a number of interdependencies with other group entities as follows:
• TopHat Communities was the main contractor for the Development. The majority of contracts entered into for the Development were therefore legally entered into by TopHat Communities, meaning the design and subcontractor teams were engaged by TopHat Communities rather than the Company;
• The majority of contracts with subcontractors and suppliers were entered into by TopHat Communities, which paid the subcontractors and suppliers;
Administrators' statement of proposals (2024-11-09) · Companies House register