# Reid Pipeline Services Limited (SC190824)

> Why UK company SC190824 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SC190824

- **Status:** Administration ended
- **Administration began:** 2015-09-18
- **Administrators:** James Bernard Stephen, Kerry Bailey
- **Administrators' firm:** BDO
- **Incorporated:** 1998-11-04
- **Location:** Glasgow
- **Industry:** 42990 Construction of other civil engineering projects n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Competition / price pressure

## From the administrators' statement

> The Company was incorporated on 4 November 1998 and its principal activity is that of pipe laying, drainage and reinstatement works for the utility sector.

> Since its formation, the business has been owned and managed by Dennis and Deana Reid, the Directors of the Company (“the Directors”).

> The business traded from premises located in Dumfriesshire that are personally owned by the Directors. The Company traded nationally and employed 8 members of staff.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SC190824/filing-history/MzEzNTA0NTU1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SC190824

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.