Construction Rating
← Failures register

Administration · 17 June 2019

Shaylor Group

Main contractor · Walsall · West Midlands

Share

What happened

SHAYLOR GROUP LIMITED (company number 04513210), incorporated in 2002, entered administration on 17 June 2019. Its status at Companies House is now: liquidation.

Why it failed

Cash flow pressure from tighter credit terms, subcontractor failures, delays and contract disputes; the bank could not increase facilities and a rapid sale or refinancing found no deliverable buyer.

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  • Funding withdrawn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

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: SHAYLOR GROUP PLC, SHAYLOR GROUP LIMITED, SHAYLOR GROUP PLC.

Timeline

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

  1. 30 September 2018

    Last accounts filed were made up to this date

    9 months later

  2. 17 June 2019

    Administration started

    5 years later

  3. 7 May 2024

    Winding-up petition presented

  4. 20 May 2024

    Administration ended

  5. 20 May 2024

    Winding-up order made by the court

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Sept 2018
£141.8m
Accounts at Companies House
Profit before tax, year to Sept 2018
£7.6m
Accounts at Companies House
Staff, year to Sept 2018
244
Accounts at Companies House
Net assets, year to Sept 2018
£21.4m
Accounts at Companies House
Owed to suppliers and subcontractors (estimated), as at 17 June 2019
£19.2m
HMRC owed £40k. Expected return to unsecured creditors: about 0.4p in the pound (prescribed part)
Administrators' proposals (trade creditors)

The last accounts filed were full accounts made up to 30 September 2018, 9 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

We're writing plain-English reports on major construction failures: who was involved, why it happened, the warning signs and how long they were visible, and what to look out for next time.

Sign up to be told when reports are out

In the news