Groundworks firm Corbyn goes under
Groundworks firm Corbyn goes under
London based groundworks and concrete frame specialist Corbyn Construction is now in administration.
The company first flagged its financial troubles late last year when the start of a series of notices of intention to appoint an administrators was filed.
Since then data and credit checking specialist Red Flag Alert shows a string of County Court Judgements against the firm.
A notice in The Gazette yesterday confirmed that FRP Advisory Trading Limited has now been appointed as administrator at the company.
Corbyn has been in business since 1989 undertaking projects up to £30m across the capital.
Latest accounts for the company for the year to June 30 2023 show a turnover of £32.8m generating a pre-tax profit of £436,000.
Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks of high court construction insolvency applications.Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.The Enquirer has linked-up with Red Flag Alert to offer readers a discount on its services and help you avoid worthless invoices from insolvent companies.
For more information and to benefit from the Enquirer discount visit Red Flag Alert.
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