Creditors' voluntary liquidation · 9 November 2023

Wellington Construction

Main contractor · Lowestoft · East Anglia

What happened

WELLINGTON CONSTRUCTION LIMITED (company number 02425925), incorporated in 1989, entered creditors' voluntary liquidation on 9 November 2023. Its status at Companies House is now: liquidation.

The directors and shareholders decide to close an insolvent company. A liquidator sells its assets and shares the proceeds among creditors.

Timeline

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

30 April 2022
Last accounts filed were made up to this date
19 months later
9 November 2023
Creditors' voluntary liquidation started (shareholders resolved to wind up)
3 years later
27 October 2026
Due to be dissolved

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Apr 2022: £20.1m; Accounts at Companies House
Loss before tax, year to Apr 2022: £94k; Accounts at Companies House
Staff, year to Apr 2022: 51; Accounts at Companies House
Net assets, year to Apr 2022: £1.2m; Accounts at Companies House
Owed to unsecured creditors (estimated), as at 30 October 2023: £3.4m; of which trade creditors £1.8m. HMRC owed £0k. a further £307k owed to its lenders. Expected return to unsecured creditors: prescribed part only (about £6,000 in total); Statement of affairs (liquidation)

The last accounts filed were full accounts made up to 30 April 2022, 18 months before it failed.

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.

In the news

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