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Administration · 15 May 2025

Corbyn Construction

Main contractor · London · Greater London

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What happened

CORBYN CONSTRUCTION LIMITED (company number 02420992), incorporated in 1989, entered administration on 15 May 2025. Its status at Companies House is now: administration.

Why it failed

A £4.9m loss in 2022 from inflation and supply costs left HMRC and supplier arrears; a missed April 2025 payment-plan instalment and winding-up threat prompted the administration filing.

  • Main reason: HMRC debts
  • Cost inflation
  • Cash flow
  • Delays

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 June 2023

    Last accounts filed were made up to this date

    23 months later

  2. 15 May 2025

    Administration started

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Jun 2023
£32.8m
Accounts at Companies House
Profit before tax, year to Jun 2023
£435k
Accounts at Companies House
Staff, year to Jun 2023
20
Accounts at Companies House
Owed to unsecured creditors (estimated), Administrators' proposals
£4.4m
HMRC owed £1.6m. a further £2.5m owed to its lenders. Expected return to unsecured creditors: none expected
Administrators' proposals

The last accounts filed were full accounts made up to 30 June 2023, 23 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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