Room One Construction Ltd (09696374): administration
- Status
- Administration ended
- Administration began
- 2022-07-05
- Administrators
- Joanne Louise Hammond, Kris Anthony Wigfield
- Administrators' firm
- Begbies Traynor
- Formerly
- Room 1 Construction Ltd; Room 1 Property Maintenance Ltd
- Incorporated
- 2015-07-21
- Location
- Northampton
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Supply chain disruption
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 21 July 2015. The Company was founded on the belief that there was a market for a new innovative construction company within the local economy (Yorkshire) which could provide the large U.K. construction companies with a genuine integrated partnership approach within their supply chains. The goal was to provide prospective partners with what they we're looking for in terms of modern procurement processes as well as modern construction practices.
At the commencement of trading, the initial plan was to move into the property maintenance sector of the construction industry, working with large national and regional construction companies, usually working for a local authority or a housing association. However, following internal discussions, the Company’s primary focus moved on which enhanced it's offering to the market to offer a full construction approach primarily focusing on 3 areas of specialisms, all types of brick work, dry lining & plastering.
The Company continued to progress and traded successfully for over 5 years, managing contracts across different sectors with several different trades, with the main income from the last financial year coming from masonry and plastering associated works.
Administrators' statement of proposals (2022-08-23) · Companies House register