Creditors' voluntary liquidation · 23 November 2022

GPB Construction

Main contractor · Eastbourne · South East England

What happened

GPB CONSTRUCTION LIMITED (company number 03317965), incorporated in 1997, entered creditors' voluntary liquidation on 23 November 2022. 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.

Timeline

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

28 February 2021
Last accounts filed were made up to this date
21 months later
23 November 2022
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Feb 2021: £19.0m; Accounts at Companies House
Profit before tax, year to Feb 2021: £91k; Accounts at Companies House
Staff, year to Feb 2021: 24; Accounts at Companies House
Net assets, year to Feb 2021: £4.2m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 9 November 2022: £2.6m; of which trade creditors £1.9m. a further £735k owed to its lenders. Expected return to unsecured creditors: prescribed part only; Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 28 February 2021, 21 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 GPB Construction.