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Administration · 8 September 2025

Vidi Construction

Main contractor · Coventry · West Midlands

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What happened

VIDI CONSTRUCTION LTD (company number 09961909), incorporated in 2016, entered administration on 8 September 2025. Its status at Companies House is now: administration.

Why it failed

After Brexit, Covid and inflation, its main client went into administration in 2024, over half its projects stopped, and unrecoverable debts and loss-making contracts left it unable to pay.

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

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 March 2023

    Last accounts filed were made up to this date

    3 years later

  2. 8 September 2025

    Administration started

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Mar 2023
£39.5m
Accounts at Companies House
Profit before tax, year to Mar 2023
£520k
Accounts at Companies House
Staff, year to Mar 2023
40
Accounts at Companies House
Net assets, year to Mar 2023
£3.6m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 8 September 2025
£6.3m
of which trade creditors £5.9m. HMRC owed £318k. staff owed £366k. Expected return to unsecured creditors: none expected
Administrators' proposals

The last accounts filed were full accounts made up to 31 March 2023, 29 months before it went into administration. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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