Administration · 15 October 2024

Linbrooke Services

Civil engineering · Sheffield · Yorkshire and the Humber

What happened

LINBROOKE SERVICES LIMITED (company number 04487275), incorporated in 2002, entered administration on 15 October 2024. Its status at Companies House is now: administration.

Why it failed

Network Rail cut spending, removing about £27m of planned work, and disputed overspend claims; cost cuts came too slowly and Bibby withdrew funding when a solvent sale looked unlikely.

Main reason: Market downturn
Clients not paying or failing
Losses on contracts
Funding withdrawn
Sale or investment failed
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.

31 March 2022
Last payment practices report ends: average 43 days to pay, 49% of invoices not paid to agreed terms
12 months later
31 March 2023
Last accounts filed were made up to this date
19 months later
15 October 2024
Administration started

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2023: £70.6m; Accounts at Companies House
Loss before tax, year to Mar 2023: £1.7m; Accounts at Companies House
Staff, year to Mar 2023: 306; Accounts at Companies House
Net assets, year to Mar 2023: £505k; Accounts at Companies House
Average days to pay suppliers, 1 October 2021 to 31 March 2022: 43 days; 17% paid after 60 days, 49% not paid to agreed terms; Its last payment practices report
Owed to unsecured creditors (estimated), as at 15 October 2024: £6.2m; of which trade creditors £5.3m. HMRC owed £2.1m. Expected return to unsecured creditors: none expected; Administrators' proposals

The last accounts filed were group accounts made up to 31 March 2023, 19 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

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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