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Administration · 14 April 2023

Henley Construct

Main contractor · London · Greater London

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What happened

HENLEY CONSTRUCT LIMITED (company number 06727567), incorporated in 2008, entered administration on 14 April 2023. Its status at Companies House is now: liquidation.

Why it failed

Cost rises since 2019 pricing left about £12m of shortfalls on five housing association contracts; variation talks failed as cash pressure grew and group support ended.

  • Main reason: Losses on contracts
  • Cost inflation
  • Covid-19
  • Cash flow
  • Group company failed

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: REIS CONSTRUCT LIMITED.

Timeline

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

  1. 31 December 2021

    Last accounts filed were made up to this date

    16 months later

  2. 14 April 2023

    Administration started

    2 years later

  3. 12 April 2025

    Administration ended

  4. 12 April 2025

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

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Dec 2021
£22.9m
Accounts at Companies House
Profit before tax, year to Dec 2021
£335k
Accounts at Companies House
Staff, year to Dec 2021
41
Accounts at Companies House
Net assets, year to Dec 2021
£845k
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 14 April 2023
£8.0m
of which trade creditors £6.7m. HMRC owed £360k. a further £348k owed to its lenders. Expected return to unsecured creditors: none expected
Administrators' proposals

The last accounts filed were group accounts made up to 31 December 2021, 15 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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