Troika Construct Limited (10863031): administration
- Status
- Administration ended
- Administration began
- 2023-09-29
- Administrators
- Anthony James Broom
- Administrators' firm
- Ajb Restructuring and Insolvency
- Formerly
- GBE 19 Limited
- Incorporated
- 2017-07-12
- Location
- Cardiff
- Industry
- 41100 Development of building projects
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
3.1
3.2
The significant delays in starting new projects in 2023 severely impacted the liquidity of the business. In the months leading up to the Administration of the Company the directors were succesful in agreeing a number of payment plans with key creditors (including a TTP with HMRC), with additional funding provided by the shareholders. However, due to the uncertainty on the start of new contracts, the directors sought advice as they felt the business was unable to continue to trade without a significant cash injection.
Administrators' statement of proposals (2023-11-27) · Companies House register