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Administration · 5 September 2022

Noel Regan & Sons Building & Civil Engineering Contractors UK

Civil engineering · Livingston · Scotland

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What happened

NOEL REGAN & SONS BUILDING & CIVIL ENGINEERING CONTRACTORS UK LIMITED (company number SC382540), incorporated in 2010, entered administration on 5 September 2022. Its status at Companies House is now: insolvency proceedings.

Why it failed

Covid-19 cut turnover, then contract claim losses, fixed-price work, rising material prices and late customer payment caused severe cash flow pressure, and short-term funding could not be agreed.

  • Main reason: Cash flow
  • Covid-19
  • Losses on contracts
  • Cost inflation
  • Clients not paying or failing
  • Funding withdrawn

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.

  1. 31 December 2020

    Last accounts filed were made up to this date

    21 months later

  2. 5 September 2022

    Administration started

    4 years later

  3. 1 September 2026

    Administration ended

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Dec 2020
£18.2m
Accounts at Companies House
Staff, year to Dec 2020
64
Accounts at Companies House
Owed to suppliers and subcontractors (estimated), as at 5 September 2022
£5.0m
HMRC owed £2.9m. Expected return to unsecured creditors: none expected
Administrators' proposals (trade creditors)

The last accounts filed were full accounts made up to 31 December 2020, 20 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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In the news

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