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Administration · 9 November 2023

H. B. Projects

Main contractor · Bradford · Yorkshire and the Humber

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What happened

H. B. PROJECTS LIMITED (company number 03685752), incorporated in 1998, entered administration on 9 November 2023. Its status at Companies House is now: liquidation.

Why it failed

Losses of about £2m on three projects strained cash, then £4m of expected work was cancelled or delayed and neither shareholders nor lenders would fund the gap.

  • Main reason: Losses on contracts
  • Cash flow
  • Delays
  • Funding withdrawn
  • HMRC debts

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.

Previously known as: CAPITALIMPROVEMENTS LIMITED.

Timeline

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

  1. 28 February 2022

    Last accounts filed were made up to this date

    21 months later

  2. 9 November 2023

    Administration started

    23 months later

  3. 23 October 2025

    Administration ended

  4. 23 October 2025

    Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Feb 2022
£56.6m
Accounts at Companies House
Profit before tax, year to Feb 2022
£1.1m
Accounts at Companies House
Staff, year to Feb 2022
159
Accounts at Companies House
Net assets, year to Feb 2022
£2.1m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 9 November 2023
£5.5m
of which trade creditors £4.0m. HMRC owed £3.6m. a further £3.0m owed to its lenders. Expected return to unsecured creditors: none expected
Administrators' proposals

The last accounts filed were full accounts made up to 28 February 2022, 20 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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