Construct and Development Limited (09100125): administration
- Status
- Administration ended
- Administration began
- 2018-11-12
- Administrators' firm
- Williams and Partners
- Incorporated
- 2014-06-24
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss of a key customer, supplier or contract
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
The Company was incorporated on 24 June 2014 and started trading in early 2015. The Company traded from 21 Brookside, Hornchurch, Essex, RM11 2RR which is the home address of one of the Directors, Mr Mark With. The business was a fresh start and not as a result of an acquisition from an insolvency process.
Its principal activity consists of construction activities in the building trade. It operates as a subcontractor and its main client is Pristine London Limited (“Pristine”).
The Company’s trade is generated from Pristine, who would normally be appointed as the main contractor or main subcontractor on projects by its clients. Pristine would then subcontract the construction work to its subcontractors with payments being made on architect’s certificates - usually between 80% and 90% of the certified value.
Administrators' statement of proposals (2019-01-14) · Companies House register