David Morin (Builders) Limited (SC055639): administration and why it failed

David Morin (Builders) Limited (SC055639): administration

Status: Administration ended
Administration began: 2023-05-12
Administrators: Gareth Harris, Paul Dounis, Alan Alexander Brown
Administrators' firm: RSM
Incorporated: 1974-05-10
Location: Edinburgh
Industry: 41100 Development of building projects

Why it went into administration

COVID-19
Cash flow / liquidity pressure
Supply chain disruption
Creditor pressure / legal action
Bad debts / customer insolvency

From the administrators' statement

Relevant extracts from the company’s unaudited financial statements and management accounts are summarised below

Period ended Year ending Year ending Year ending 30 April 22 30 April 2021 30 April 2020

Fixed assets 27,498 23,421 13,758

Administrators' statement of proposals (2023-07-06) · Companies House register

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