Administration · 12 March 2015
Johnson Construction UK
Main contractor · Oldham · North West England
What happened
JOHNSON CONSTRUCTION UK LIMITED (company number 04490476), incorporated in 2002, entered administration on 12 March 2015. Its status at Companies House is now: liquidation.
Why it failed
Delays on contracts raised cash flow pressure after earlier contract losses; a winding-up petition followed and a major supermarket customer said there would be no more work in 2015.
- Main reason: Delays
- Cash flow
- Losses on contracts
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: PAUL JOHNSON (GREENFIELD) LIMITED.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 January 2014
Last accounts filed were made up to this date
14 months later
12 March 2015
Administration started
3 months later
2 June 2015
Administration ended
2 June 2015
Creditors' voluntary liquidation started (shareholders resolved to wind up)
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 12 March 2015
- £2.8m
- a further £524k owed to its lenders. Expected return to unsecured creditors: some payment possible
- Statement of affairs
The last accounts filed were full accounts made up to 31 January 2014, 13 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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