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Administration · 28 February 2023

Jarvis Contracting

Main contractor · Harpenden · East Anglia

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What happened

JARVIS CONTRACTING LIMITED (company number 02483796), incorporated in 1990, entered administration on 28 February 2023. Its status at Companies House is now: liquidation.

Why it failed

Fixed-price contracts won in 2020 and 2021 were hit by soaring costs and project delays linked to Covid, Brexit and Ukraine, producing mounting losses and making remaining contracts unviable.

  • Main reason: Losses on contracts
  • Cost inflation
  • Delays
  • Covid-19

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: RAPID 9901 LIMITED.

Timeline

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

  1. 30 April 2022

    Last accounts filed were made up to this date

    10 months later

  2. 28 February 2023

    Administration started

    7 months later

  3. 8 September 2023

    Administration ended

  4. 8 September 2023

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

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Apr 2022
£43.8m
Accounts at Companies House
Staff, year to Apr 2022
75
Accounts at Companies House
Net assets, year to Apr 2022
£216k
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 28 February 2023
£11.5m
HMRC owed £40k. staff owed £1.2m. Expected return to unsecured creditors: about 17p in the pound
Administrators' proposals (includes a £5m provision)

The last accounts filed were full accounts made up to 30 April 2022, 10 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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