C-Plan Telecommunications Limited (SC214780): administration
- Status
- In administration
- Administration began
- 2025-03-13
- Administrators
- Michelle Marie Elliot, Callum Angus Carmichael
- Administrators' firm
- FRP Advisory
- Incorporated
- 2001-01-16
- Location
- Glasgow
- Industry
- 61900 Other telecommunications activities
Why it went into administration
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Rising costs / inflation
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Weather / natural events
From the administrators' statement
The Company is a telecommunications and civil engineering specialist firm working with a number of customers to install telecoms and fibre networks across Scotland.
Following a period of profitable trading which saw £1.1m operating profit generated in the 12 month period to 31 October 2023, the Company experienced operational challenges through 2024 with rising costs and overheads which could not be passed to customers. The position worsened towards the end of 2024 when a key Highlands based contract experienced extensive cost overruns and delays due to poor weather conditions. Draft management accounts indicated a loss of c. £1.2m was made in the 2 month period between November 2024 and December 2024.
Contract work with certain key customers declined in early 2025 as efforts were made by customers to reduce spend due to wider economic challenges. In addition, notice was given by another material customer planning to bring their contract to an end in the first half of 2025. While Management secured a new 5 year contract with improved margins, it was not due to start until May 2025.
Administrators' statement of proposals (2025-05-06) · Companies House register