Excell Construction Ltd (09245209): administration
- Status
- Administration ended
- Administration began
- 2020-03-31
- Administrators
- Christopher Ratten, Lindsey J Cooper
- Administrators' firm
- RSM
- Incorporated
- 2014-10-02
- Location
- Manchester
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
From the administrators' statement
Brief background
The Company was incorporated on 2 October 2014 and initially traded from leasehold premises situated at 10 Watson Street, Eccles Manchester. The Company provided design and construction services in the new home and retail sectors.
Since its inception, the Company gradually increased turnover with new projects for several high street names throughout the UK. By 2019, the Company had grown to achieve consistent turnover of c.£5.million and during the period of growth, had increased staffing levels and purchased its own plant and machinery in order to meet demand rather than rely on sub-contractors and rented plant. The Company also moved to new bespoke office space in 2017 situated at Ninth Floor, 1 City Approach, Albert Street, Manchester, M30 OBG.
Administrators' statement of proposals (2020-06-02) · Companies House register