Administration · 2 June 2020

Athena Civil Engineering

Civil engineering · Batley · Yorkshire and the Humber

What happened

ATHENA CIVIL ENGINEERING LTD (company number 07352237), incorporated in 2010, entered administration on 2 June 2020. Its status at Companies House is now: liquidation.

Why it failed

Weather delays and a large bad debt caused losses, then cash flow difficulties and Covid-19 restrictions followed; a CBILS loan was refused and the company could not return to sites.

Main reason: Cash flow
Covid-19
Delays
Clients not paying or failing
Funding withdrawn

Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.

An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.

Timeline

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

31 August 2019
Last accounts filed were made up to this date
10 months later
2 June 2020
Administration started
3 years later
12 December 2022
Administration ended
12 December 2022
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Aug 2019: £36.8m; Accounts at Companies House
Profit before tax, year to Aug 2019: £486k; Accounts at Companies House
Staff, year to Aug 2019: 17; Accounts at Companies House
Net assets, year to Aug 2019: £817k; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 2 June 2020: £3.7m; HMRC owed £140k. staff owed £44k; Administrators' proposals

The last accounts filed were full accounts made up to 31 August 2019, 9 months before it went into administration.

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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