Administration · 7 September 2022
Avonside Roofing
Specialist trade · Heywood · North West England · Part of Avonside
What happened
AVONSIDE ROOFING LIMITED (company number 02330586), incorporated in 1988, entered administration on 7 September 2022. Its status at Companies House is now: administration.
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 roofing companies entered administration.
- 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- Funding withdrawn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.
Previously known as: LEE ROOFING SERVICES LIMITED, LEE ROOFING SERVICES (NORTH WEST) LIMITED.
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
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 7 September 2022
- £10.8m
- HMRC owed £3.5m. Expected return to unsecured creditors: prescribed part only
- Administrators' proposals
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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