M Price Group Limited (10949442): administration
- Status
- Administration ended
- Administration began
- 2024-08-28
- Incorporated
- 2017-09-06
- Location
- Matlock
- Industry
- 64203 Activities of construction holding companies
Why it went into administration
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Creditor pressure / legal action
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from my personal knowledge as Administrator.
The Company was incorporated on 6 September 2017 as a holding company for the M Price group of companies. The companies specialised in the construction industry, specifically in the manufacturing and installing of cladding and facades.
The Company has not been known by any other names. The M Price group of companies was one of the largest UK facade contractors, particularly in London
Administrators' statement of proposals (2024-10-22) · Companies House register