Construction Rating
← Failures register

Administration · 29 April 2020

Central Building Contractors (Glasgow)

Main contractor · Glasgow · Scotland

Share

What happened

CENTRAL BUILDING CONTRACTORS (GLASGOW) LIMITED (company number SC048885), incorporated in 1971, entered administration on 29 April 2020. Its status at Companies House is now: liquidation.

Why it failed

Challenging construction trading conditions, reduced margins, contract disputes and delayed project starts left a funding shortfall, and Covid-19 then closed all sites for five weeks before appointment.

  • Main reason: Delays
  • Cash flow
  • Covid-19

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.

  1. 30 September 2018

    Last accounts filed were made up to this date

    19 months later

  2. 29 April 2020

    Administration started

    5 years later

  3. 9 October 2024

    Administration ended

  4. 9 October 2024

    Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Sept 2018
£35.9m
Accounts at Companies House
Loss before tax, year to Sept 2018
£166k
Accounts at Companies House
Staff, year to Sept 2018
165
Accounts at Companies House
Net assets, year to Sept 2018
£8.6m
Accounts at Companies House
Owed to suppliers and subcontractors (estimated), as at 29 April 2020
£6.8m
HMRC owed £910k. Expected return to unsecured creditors: possible, too early to say
Administrators' proposals (trade creditors)

The last accounts filed were full accounts made up to 30 September 2018, 19 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.

Sign up to be told when reports are out

In the news

We haven't matched any press coverage to this company yet. Search the news for Central Building Contractors (Glasgow).