R O'Donnell Plant & Civil Ltd (09283491): administration
- Status
- Administration ended
- Administration began
- 2023-03-14
- Administrators
- Andrew James Pear, Michael Stephen Elliot Solomons
- Administrators' firm
- Moorfields
- Formerly
- O'Donnell Construction (2014) Ltd
- Incorporated
- 2014-10-28
- Location
- London
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Attached at Appendix II is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.
Moorfields were initially approached by Onside Advisory in March 2023 to assist the business, however, the escalating cashflow constraints and mounting pressure from creditors threatening to petition to wind up the Company, resulted in the Director engaging Moorfields on 13 March 2023 to place the Company into administration.
There was insufficient working capital and no prospect of securing new or further funding to allow trading to continue.
Administrators' statement of proposals (2023-05-18) · Companies House register