MMPS (Scotland) Ltd. (SC194167): administration
- Status
- Administration ended
- Administration began
- 2018-06-12
- Administrators
- Elliott Michelle, Stuart Robb
- Administrators' firm
- Leonard Curtis
- Formerly
- Martin Mckenna Plumbing Services Ltd.
- Incorporated
- 1999-03-09
- Location
- Glasgow
- Industry
- 43290 Other construction installation
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 9 March 1999 and commenced trading immediately thereafter from leasehold premises at 3 Cathcart Place, Rutherglen, G73 2RB.
The principal trading activity of the Company was construction, specialising in the refurbishment of buildings across Scotland and the North of England. The Company traded successfully for several years and eamed a good reputation as a reliable contractor, particularly in the social housing sector, with profit reaching in excess of £4 million at its peak in the year to 31 March 2015.
However, in the months leading up to appointment, the Company began to experience cash flow difficulties due to a combination of bad debts and reduced contract margins. Consequently, the Company began to experience increasing creditor pressure in late 2017/early 2018 from some of its key suppliers, sub-contractors and HM Revenue & Customs, due to difficulty in maintaining its liabilities.
Administrators' statement of proposals (2018-08-06) · Companies House register