Administration · 7 September 2022
Avonside Group Services
Construction · Heywood · North West England · Part of Avonside
What happened
AVONSIDE GROUP SERVICES LIMITED (company number 06591179), incorporated in 2008, entered administration on 7 September 2022. Its status at Companies House is now: dissolved.
Why it failed
Acquisition integration problems and a failed finance system rollout caused billing errors and cash strain; bank and shareholder funding could not be secured, so the holding company and group failed.
- Main reason: Cash flow
- Funding withdrawn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 December 2020
Last accounts filed were made up to this date
21 months later
7 September 2022
Administration started
23 months later
28 August 2024
Administration ended
AccountsPayment reportInsolvency
Before it failed
Key figures
The last accounts filed were full accounts made up to 31 December 2020, 20 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
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- Avonside administration drags into fifth year
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