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Administration · 8 September 2022

Cheevers Poole

Developer · London · Greater London

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What happened

CHEEVERS POOLE LTD (company number 08428054), incorporated in 2013, entered administration on 8 September 2022. Its status at Companies House is now: liquidation.

Why it failed

Covid lockdowns caused project delays and higher completion costs; in August 2022 key staff and subcontractors left sites and clients issued pay-less notices, so creditors could not be paid.

  • Main reason: Covid-19
  • Delays
  • Losses on contracts
  • Cash flow
  • Clients not paying or failing

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: CHEEVERS & HOWARD CONSTRUCTION LIMITED.

Timeline

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

  1. 31 March 2020

    Last accounts filed were made up to this date

    3 years later

  2. 8 September 2022

    Administration started

    3 years later

  3. 3 September 2025

    Administration ended

  4. 3 September 2025

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

AccountsPayment reportInsolvency

Before it failed

Key figures

Staff, year to Mar 2020
65
Accounts at Companies House
Net assets, year to Mar 2020
£2.0m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 8 September 2022
£2.4m
of which trade creditors £1.6m. HMRC owed £1.4m. Expected return to unsecured creditors: unlikely
Administrators' proposals

The last accounts filed were group accounts made up to 31 March 2020, 29 months before it went into administration. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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In the news

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