From the administrators' statement

We were first contacted by the Director on 7 April 2019 and gave initial advice in relation to the consideration of options for the Company given the number of CCJ’s which had been issued and the likely further enforcement action of the creditors as the Company could not meet its liabilities as and when they fell due.

Prior to our appointment, Rob Pearce Associates, Chartered Surveyors were instructed to undertake a review of the ongoing contracts to ascertain the best outcome for creditors. it was established early on that that the best possible achievable options for the creditors was to place the Company into either creditors’ voluntary liquidation or administration. Please refer to section 8 of this report, along with the estimated outcome statement located at appendix ..., for further information in this regard.

It was apparent that the Company was unable to meet its liabilities as and when they fell due and was insolvent on a cash flow basis.

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AIM Construction & Development Ltd (10078598)

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