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Administration · 5 August 2019

Pochin Residential

Housebuilder · Middlewich · North West England · Part of Pochin

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What happened

POCHIN RESIDENTIAL LIMITED (company number 04554705), incorporated in 2002, entered administration on 5 August 2019. Its status at Companies House is now: liquidation.

Why it failed

Group losses of £17m or more on four residential contracts and failed financing stopped the builder trading; guarantees crystallised, the parent stopped trading and this company lost central services.

  • Main reason: Losses on contracts
  • Delays
  • Clients not paying or failing
  • Cash flow
  • Funding withdrawn
  • Sale or investment failed
  • Group company failed

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.

Previously known as: POCHIN HOMES LIMITED, BRAND NEW CO (167) LIMITED.

Timeline

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

  1. 28 February 2018

    Last accounts filed were made up to this date

    18 months later

  2. 5 August 2019

    Administration started

    23 months later

  3. 28 July 2021

    Administration ended

  4. 28 July 2021

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

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Feb 2018
£3.1m
Accounts at Companies House
Loss before tax, year to Feb 2018
£1.2m
Accounts at Companies House

The last accounts filed were full accounts made up to 28 February 2018, 17 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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