Murnells Limited (12245581): administration
- Status
- Administration ended
- Administration began
- 2025-03-26
- Administrators
- David Birne, Stephen Mark Katz
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2019-10-07
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss-making contracts / project overruns
- COVID-19
- Rising costs / inflation
- Property / lease costs
From the administrators' statement
Based in Ashford, London, the Company operated as a design-driven construction and engineering specialist renowned for transforming complex sites and structures. From luxury interior fit-outs, refurbishments and basement excavations to full new-build schemes, the Company targeted the high-end London residential market, with a goal of achieving £10m tumover within five years.
Since the Company's incorporation on 7 October 2019, the Company has enjoyed consistent expansion: turnover rose from £3.7 million for the year ended 31 March 2023 to £6 million the following year, while gross profit increased from £932,667 to £1.1 million. Yet, despite its strong track record delivering high-end projects in prime London locations, the business recently encountered substantial challenges that undermined its financial stability.
Having drawn on more than three decades of industry experience, much of it in the civil engineering sector, the director brought a wealth of expertise in planning and delivering intricate building projects. In the early years,
Administrators' statement of proposals (2025-05-27) · Companies House register