Administration · 11 March 2022
Roadbridge UK
Civil engineering · Welwyn Garden City · East Anglia
What happened
ROADBRIDGE UK LIMITED (company number 07149441), incorporated in 2010, entered administration on 11 March 2022. Its status at Companies House is now: administration.
Why it failed
Group cash flow strain from trading losses and Covid, with c.35m euros owed to Bank of Ireland; no sale could be achieved and the parent went into receivership.
- Main reason: Cash flow
- Covid-19
- Group company failed
- Funding withdrawn
- Sale or investment 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.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 December 2020
Last accounts filed were made up to this date
15 months later
11 March 2022
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), Administrators' proposals
- £22.5m
- HMRC owed £2.2m. Expected return to unsecured creditors: none expected
- Administrators' proposals
The last accounts filed were full accounts made up to 31 December 2020, 14 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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