New Ways Construction Ltd (12003936): administration
- Status
- In administration
- Administration began
- 2024-12-19
- Administrators
- Alan John Clark
- Administrators' firm
- Leonard Curtis
- Formerly
- Redbrooks New Ways Construction Ltd; New Ways Construction Ltd; Redbrooks Modular Ltd
- Incorporated
- 2019-05-20
- Location
- Ilford
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Regulatory change or action
- Creditor pressure / legal action
From the administrators' statement
Due to the mounting creditor pressure, initial meetings took place with the directors of the Company in early November 2024 to provide advice on the insolvency options available.
As part of this process, meetings were also held with the secured creditor as a primary stakeholder in this matter.
No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2025-02-06) · Companies House register