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Creditors' voluntary liquidation · 6 February 2024

London Building Company

Main contractor · London · Greater London

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What happened

LONDON BUILDING COMPANY LIMITED (company number 02011335), incorporated in 1986, entered creditors' voluntary liquidation on 6 February 2024. 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: LONDON BUILDING COMPANY PLC.

Timeline

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

  1. 31 March 2022

    Last accounts filed were made up to this date

    23 months later

  2. 6 February 2024

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

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2022
£15.5m
Accounts at Companies House
Loss before tax, year to Mar 2022
£1.9m
Accounts at Companies House
Staff, year to Mar 2022
7
Accounts at Companies House
Net liabilities, year to Mar 2022
£1.6m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 31 January 2024
£2.7m
of which trade creditors £1.9m. HMRC owed £771k. staff owed £3k. Expected return to unsecured creditors: none expected
Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 31 March 2022, 22 months before it failed. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.

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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