The corporate first flagged its monetary troubles late final 12 months when the beginning of a sequence of notices of intention to nominate an directors was filed.
Since then knowledge and credit score checking specialist Purple Flag Alert reveals a string of County Court docket Judgements towards the agency.
A discover in The Gazette yesterday confirmed that FRP Advisory Buying and selling Restricted has now been appointed as administrator on the firm.
FRP mentioned: “Phil Armstrong and David Hudson, companions at FRP Advisory, had been appointed as joint directors of Corbyn Building Ltd on 22 Might 2025.
“The appointment follows greater than six months of labor alongside the Firm to discover a solvent answer. Sadly, sustained market challenges and the affect of more and more complicated regulatory necessities have in the end meant {that a} route ahead was not potential,
“The Firm has now ceased buying and selling, and all workers have been made redundant. Collectors are being contacted immediately and can obtain the directors’ proposals inside the subsequent eight weeks.”
Corbyn has been in enterprise since 1989 endeavor tasks as much as £30m throughout the capital.
Newest accounts for the corporate for the 12 months to June 30 2023 present a turnover of £32.8m producing a pre-tax revenue of £436,000.
Knowledge and credit score checking specialist Purple Flag Alert highlighted the companies’ administration discover with its common checks of excessive court docket development insolvency functions.Subscribers to the Purple Flag Alert service profit from early warnings concerning the monetary well being of corporations to assist them keep away from unhealthy money owed.The Enquirer has linked-up with Purple Flag Alert to supply readers a reduction on its companies and enable you to keep away from nugatory invoices from bancrupt corporations.
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