The Hire Corporation Limited (10585717): administration
- Status
- Administration ended
- Administration began
- 2021-03-25
- Administrators
- Glyn Mummery, Julie Humphrey
- Administrators' firm
- FRP Advisory
- Formerly
- The Hunt Corporation Limited
- Incorporated
- 2017-01-26
- Location
- Brentwood
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
From the administrators' statement
The Company was formed on 26 January 2017 to capitalise on the director’s previous experience within the construction industry, including the social housing, new build, and refurbishment sectors. The business initially started operations as a subcontractor for a Borough Council, completing ad-hoc private residential and commercial contracts with a value between £5,000 and £200,000 per contract. At this stage, the works were delivered on a supply and fit basis with a mixture of subcontractors and independent contractors supplying the Company.
The Company traded reasonably and progressed steadily throughout its initial years, with any additional funding required being injected by the director.
The Hire Corporation Limited (In Administration) The Administrators’ Proposals
Administrators' statement of proposals (2021-05-20) · Companies House register