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Administration · 24 April 2020

Construction Partnership UK

Main contractor · Skelmersdale · North West England

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What happened

CONSTRUCTION PARTNERSHIP UK LIMITED (company number 03941201), incorporated in 2000, entered administration on 24 April 2020. Its status at Companies House is now: liquidation.

Why it failed

Losses on several contracts, including a stalled £3m-plus bad debt project whose funder failed, plus employer payment defaults, overruns and material price rises, drained cash before Covid closed sites.

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

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. 31 March 2019

    Last accounts filed were made up to this date

    13 months later

  2. 24 April 2020

    Administration started

    8 months later

  3. 17 December 2020

    Winding-up petition presented

    2 months later

  4. 18 February 2021

    Administration ended

  5. 18 February 2021

    Winding-up order made by the court

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2019
£23.3m
Accounts at Companies House
Profit before tax, year to Mar 2019
£1.1m
Accounts at Companies House
Staff, year to Mar 2019
91
Accounts at Companies House
Net assets, year to Mar 2019
£1.6m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 24 April 2020
£11.0m
of which trade creditors £9.2m. HMRC owed £571k. a further £520k owed to its lenders. Expected return to unsecured creditors: expected, amount not yet known
Administrators' proposals

The last accounts filed were full accounts made up to 31 March 2019, 13 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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In the news

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