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Worcester roofing and cladding contractor enters administration
Conrad Beighton and Joph Young from Leonard Curtis have been appointed Joint Administrators of Britannia Site Solutions (14th September 2022).
Based in Hallow, Worcester, Britannia Site Solutions is a roofing, cladding and façade contractor and had been trading since mid-2011.
Since the pandemic the company had been impacted by increased supplier costs, projects being put on hold and significant delays in receiving payments due from major customers severely affecting cash flow.
The notice of intention to appoint administrators was filed at court on 2nd September 2022 to enable an accelerated merger and acquisition process to take place but, unfortunately, a sale of the business as a going concern was not possible.
The company has ceased trading with all 18 employees, regrettably, made redundant.
Conrad Beighton commented: We were hopeful of securing a purchaser for the business, but there was no interest of any significance as most of the contracts had already been terminated by the main contractors. As a result there was little value in the residual assets of the company.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.