Creditors' voluntary liquidation · 11 December 2023

Brenig Construction

Main contractor · Colwyn Bay · North Wales

What happened

BRENIG CONSTRUCTION LIMITED (company number 08044729), incorporated in 2012, entered creditors' voluntary liquidation on 11 December 2023. 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.

Timeline

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

31 October 2022
Last accounts filed were made up to this date
14 months later
11 December 2023
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Oct 2022: £12.0m; Accounts at Companies House
Profit before tax, year to Oct 2022: £99k; Accounts at Companies House
Staff, year to Oct 2022: 60; Accounts at Companies House
Net assets, year to Oct 2022: £740k; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 24 November 2023: £4.4m; HMRC owed £852k. a further £985k owed to its lenders. Expected return to unsecured creditors: none expected; Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 31 October 2022, 13 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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