Creditors' voluntary liquidation · 19 January 2024

Diamond Build

Housebuilder · London · Greater London

What happened

DIAMOND BUILD PLC (company number 01340271), incorporated in 1977, entered creditors' voluntary liquidation on 19 January 2024. 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: P.J. DIAMOND (BUILDING CONTRACTORS) LIMITED.

Timeline

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

31 December 2022
Last accounts filed were made up to this date
13 months later
19 January 2024
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Dec 2022: £26.8m; Accounts at Companies House
Profit before tax, year to Dec 2022: £359k; Accounts at Companies House
Staff, year to Dec 2022: 41; Accounts at Companies House
Net assets, year to Dec 2022: £1.7m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 16 January 2024: £4.0m; of which trade creditors £3.7m. HMRC owed £2.0m. Expected return to unsecured creditors: none expected; Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 31 December 2022, 13 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 Diamond Build.