Creditors' voluntary liquidation · 7 March 2024

Adamson Construction Group

Main contractor · Marlow · South East England

What happened

ADAMSON CONSTRUCTION GROUP LTD (company number 02419326), incorporated in 1989, entered creditors' voluntary liquidation on 7 March 2024. Its status at Companies House is now: liquidation.

The directors and shareholders decide to close an insolvent company. A liquidator sells its assets and shares the proceeds among creditors.

Previously known as: ADAMSON BUILDING LIMITED, ADAMSON FLOORING,BUILDING & CIVIL ENGINEERING LIMITED, PAYRING LIMITED.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

31 March 2023
Last accounts filed were made up to this date
12 months later
7 March 2024
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2023: £10.2m; Accounts at Companies House
Loss before tax, year to Mar 2023: £287k; Accounts at Companies House
Staff, year to Mar 2023: 63; Accounts at Companies House
Net assets, year to Mar 2023: £291k; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 4 March 2024: £1.6m; of which trade creditors £894k. HMRC owed £537k. Expected return to unsecured creditors: none expected; Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 31 March 2023, 11 months before it failed.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

We're writing plain-English reports on major construction failures: who was involved, why it happened, the warning signs and how long they were visible, and what to look out for next time.

In the news

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