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Administration · 2 November 2021

Wildgoose Construction

Main contractor · Alfreton · East Midlands

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What happened

WILDGOOSE CONSTRUCTION LIMITED (company number 00178605), incorporated in 1921, entered administration on 2 November 2021. Its status at Companies House is now: dissolved.

Why it failed

Already loss-making, it was hit by Brexit and Covid cost rises on mostly fixed-price contracts, supply chain delays and subcontractor and customer insolvencies, and the directors judged it unviable.

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

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: JOHN WM. WILDGOOSE & SONS LIMITED.

Timeline

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

  1. 30 September 2020

    Last accounts filed were made up to this date

    14 months later

  2. 2 November 2021

    Administration started

    12 months later

  3. 3 November 2022

    Administration ended

  4. 3 November 2022

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

    4 years later

  5. 8 August 2026

    Company dissolved

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Sept 2020
£52.5m
Accounts at Companies House
Loss before tax, year to Sept 2020
£2.0m
Accounts at Companies House
Staff, year to Sept 2020
96
Accounts at Companies House
Net assets, year to Sept 2020
£568k
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 2 November 2021
£10.0m
of which trade creditors £9.1m. HMRC owed £1.0m. a further £2.1m owed to its lenders. Expected return to unsecured creditors: uncertain, possibly prescribed part only
Administrators' proposals

The last accounts filed were full accounts made up to 30 September 2020, 13 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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