Roadstone Aggregates Limited (SC354563): administration
- Status
- Administration ended
- Administration began
- 2013-01-16
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2009-02-05
- Location
- Edinburgh
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
Roadstone Limited (‘Roadstone’}, an associated company, had previously traded profitably in the aggregates industry. In early 2009, however, the closure of its main aggregate supplier in Holland forced Roadstone to cease trading and initiate liquidation proceedings.
The Company was incorporated soon after on 5 February 2009 and continued the trade albeit with a different business model, focusing instead on sourcing aggregates within the UK.
The Company also carried out its own civil contracting work to projects throughout the North East of England. This ranged from laying car park surfaces at local schools to surfacing railway platforms.
Administrators' statement of proposals (2013-09-02) · Companies House register