What happened
LF SOLUTIONS LIMITED (company number 08203435), incorporated in 2012, entered administration on 17 June 2025. Its status at Companies House is now: administration.
Why it failed
Covid, slow-paying debtors, falling building demand and rising costs, then about £1m of expected payments not received after disputes, left the company unable to pay subcontractors.
- Main reason: Clients not paying or failing
- Covid-19
- Market downturn
- Cost inflation
- Cash flow
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.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
28 February 2024
Last accounts filed were made up to this date
16 months later
17 June 2025
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 17 June 2025
- £3.5m
- of which trade creditors £2.8m. a further £1.1m owed to its lenders. Expected return to unsecured creditors: none expected
- Administrators' proposals
The last accounts filed were full accounts made up to 28 February 2024, 16 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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