Administration · 24 June 2021
Nobles Construction
Main contractor · Liverpool · North West England
What happened
NOBLES CONSTRUCTION LIMITED (company number 03068666), incorporated in 1995, entered administration on 24 June 2021. Its status at Companies House is now: liquidation.
Why it failed
Disputes absorbed management time and adjudication awards in its favour stayed unpaid; Covid-19 site closures added delays, and under creditor pressure the directors stopped trading in April 2021.
- Main reason: Clients not paying or failing
- Legal claims
- Covid-19
- Delays
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.
30 March 2019
Last accounts filed were made up to this date
2 years later
24 June 2021
Administration started
10 months later
28 April 2022
Winding-up petition presented
2 months later
14 June 2022
Winding-up order made by the court
21 June 2022
Administration ended
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 30 July 2021
- £5.6m
- of which trade creditors £4.3m. HMRC owed £321k. staff owed £595k. a further £191k owed to its lenders. Expected return to unsecured creditors: uncertain
- Administrators' proposals
The last accounts filed were full accounts made up to 30 March 2019, 27 months before it went into administration. 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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