# Tidemill Construction Limited (10597317)

> Why UK company 10597317 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10597317

- **Status:** Administration ended
- **Administration began:** 2020-08-19
- **Administrators:** Lloyd Christopher Biscoe, Louise Donna Baxter
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2017-02-02
- **Location:** Southend-on-Sea
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Competition / price pressure

## From the administrators' statement

Corporate background

Prior to the formation of the Company, Simon Bennett and Simon Codd (‘the Directors”) worked for the IPE Group (“IPE”) on a consultancy basis providing project management, quantity surveying and employers agent services under a consultancy company.

Whilst consulting under this arrangement, IPE had an ongoing project in Hackney suffering as a result of the main contractor going into Administration. A plan of action and agreement was formed such that Mr. Bennett and Mr. Codd’s consultancy business would be appointed to project manage the delivery of the development to completion. A structure was agreed, and the balance of the project was successfully delivered on time and within the agreed budgets.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10597317/filing-history/MzI4MTIwOTMxNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10597317

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.