Creditors' voluntary liquidation · 2 September 2022

Horbury Building Systems

Main contractor · Rotherham · Yorkshire and the Humber

What happened

HORBURY BUILDING SYSTEMS LIMITED (company number 02773235), incorporated in 1992, entered creditors' voluntary liquidation on 2 September 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.

Previously known as: BROOMCO (631) LIMITED.

Timeline

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

31 May 2021
Last accounts filed were made up to this date
16 months later
2 September 2022
Creditors' voluntary liquidation started (shareholders resolved to wind up)
13 months later
10 October 2023
Company dissolved

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to May 2021: £26.8m; Accounts at Companies House
Loss before tax, year to May 2021: £4.1m; Accounts at Companies House
Staff, year to May 2021: 139; Accounts at Companies House
Net liabilities, year to May 2021: £1.5m; Accounts at Companies House
Owed to suppliers and subcontractors (estimated), as at 24 August 2022: £80k; Expected return to unsecured creditors: none expected; Statement of affairs (liquidation) (trade creditors)

The last accounts filed were full accounts made up to 31 May 2021, 15 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

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