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Administration · 14 March 2024

Surgo Construction

Main contractor · Newcastle upon Tyne · North East England

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What happened

SURGO CONSTRUCTION LIMITED (company number 00235552), incorporated in 1928, entered administration on 14 March 2024. Its status at Companies House is now: liquidation.

Why it failed

A charity client stopped paying, leaving £1.4m unpaid and £1m of costs absorbed; an adjudication award and Bellway dispute then brought a winding-up petition, lost credit and withheld payments.

  • Main reason: Clients not paying or failing
  • Cash flow
  • Legal claims

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: BOWEY CONSTRUCTION LIMITED, RALPH BOWEY & SON LIMITED.

Timeline

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

  1. 31 October 2022

    Last accounts filed were made up to this date

    17 months later

  2. 14 March 2024

    Administration started

    2 years later

  3. 9 March 2026

    Administration ended

  4. 9 March 2026

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

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Oct 2022
£14.4m
Accounts at Companies House
Profit before tax, year to Oct 2022
£75k
Accounts at Companies House
Staff, year to Oct 2022
66
Accounts at Companies House
Net assets, year to Oct 2022
£3.3m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 14 March 2024
£3.3m
HMRC owed £736k. staff owed £127k. a further £232k owed to its lenders. Expected return to unsecured creditors: none expected
Administrators' proposals

The last accounts filed were full accounts made up to 31 October 2022, 16 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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