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Administration · 12 July 2021

WRW Construction

Main contractor · Llanelli · South Wales

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What happened

WRW CONSTRUCTION LTD (company number 02956215), incorporated in 1994, entered administration on 12 July 2021. Its status at Companies House is now: administration.

Why it failed

Brexit, the election, weather and Covid delayed or cancelled projects and cut revenue, debts were hard to collect, and a contract adjudication then went against it, compounding cash flow pressure.

  • Main reason: Delays
  • Covid-19
  • Market downturn
  • Cash flow
  • Clients not paying or failing
  • Legal claims
  • HMRC debts

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: W.R.W. CONSTRUCTION LTD., W.R. WILLIAMS CONSTRUCTION LTD. , W.R. WILLIAMS LIMITED.

Timeline

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

  1. 31 December 2019

    Last accounts filed were made up to this date

    19 months later

  2. 12 July 2021

    Administration started

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Dec 2019
£64.2m
Accounts at Companies House
Profit before tax, year to Dec 2019
£1.0m
Accounts at Companies House
Staff, year to Dec 2019
143
Accounts at Companies House
Net assets, year to Dec 2019
£4.6m
Accounts at Companies House
Owed to its lenders, Administrators' proposals
£8.8m
Expected return to unsecured creditors: prescribed part only
Administrators' proposals

The last accounts filed were full accounts made up to 31 December 2019, 18 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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