Creditors' voluntary liquidation · 20 June 2023

Claritas Group

Main contractor · London · Greater London

What happened

CLARITAS GROUP LTD (company number 08920949), incorporated in 2014, entered creditors' voluntary liquidation on 20 June 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.

Previously known as: CLARITAS GROUP LIMITED, AMCM GROUP LTD, AIREY MILLER CONSTRUCTION MANAGEMENT LTD.

Timeline

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

31 March 2022
Last accounts filed were made up to this date
15 months later
20 June 2023
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2022: £50.5m; Accounts at Companies House
Profit before tax, year to Mar 2022: £456k; Accounts at Companies House
Staff, year to Mar 2022: 113; Accounts at Companies House
Net assets, year to Mar 2022: £2.1m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 15 June 2023: £7.9m; of which trade creditors £2.7m. HMRC owed £1.8m. Expected return to unsecured creditors: none expected; Statement of affairs (liquidation) (includes £4.6m owed to subcontractors)

The last accounts filed were group accounts made up to 31 March 2022, 15 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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