Company voluntary arrangement · 11 May 2023

Cosmur Construction (London)

Main contractor · London · Greater London

What happened

COSMUR CONSTRUCTION (LONDON) LIMITED (company number 01120797), incorporated in 1973, entered company voluntary arrangement on 11 May 2023. Its status at Companies House is now: liquidation.

The company agrees a deal with its creditors to repay some or all of its debts over time while it keeps trading.

Timeline

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

31 July 2022
Last accounts filed were made up to this date
10 months later
11 May 2023
Company voluntary arrangement started
16 months later
3 September 2024
Company voluntary arrangement ended
27 September 2024
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Jul 2022: £33.3m; Accounts at Companies House
Loss before tax, year to Jul 2022: £904k; Accounts at Companies House
Staff, year to Jul 2022: 59; Accounts at Companies House
Net assets, year to Jul 2022: £1.5m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 20 September 2024: £8.7m; HMRC owed £1.4m. Expected return to unsecured creditors: none expected; Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 31 July 2022, 9 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

We haven't matched any press coverage to this company yet. Search the news for Cosmur Construction (London).