Creditors' voluntary liquidation · 13 January 2022

Laxmanbhai Construction (U.K.)

Main contractor · London · Greater London

What happened

LAXMANBHAI CONSTRUCTION (U.K.) LIMITED (company number 01742369), incorporated in 1983, entered creditors' voluntary liquidation on 13 January 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: LAXMANBHAI (U.K.) LIMITED, KIRBYHEATH LIMITED.

Timeline

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

31 March 2020
Last accounts filed were made up to this date
22 months later
13 January 2022
Creditors' voluntary liquidation started (shareholders resolved to wind up)

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2020: £37.2m; Accounts at Companies House
Loss before tax, year to Mar 2020: £7.9m; Accounts at Companies House
Staff, year to Mar 2020: 64; Accounts at Companies House
Net assets, year to Mar 2020: £14.4m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 10 January 2022: £4.2m; of which trade creditors £1.9m. HMRC owed £170k. Expected return to unsecured creditors: uncertain; Statement of affairs (liquidation)

The last accounts filed were group accounts made up to 31 March 2020, 21 months before it failed.

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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