Wed, 09 Oct 2013 | ADMINISTRATION
Construction and design specialist, Dennis Cox Building Services, has filed its intention to appoint an administrator to allow the business some time to stem its cash flow issues.
The move will ensure that Dennis Cox will not be subject to pressures from creditors or winding-up petitions for a minimum of ten days.
Based in Slough, Dennis Cox has been established for over 30 years and recorded sales of £15 million with a pre-tax profit of £508,000 in its most recently filed accounts.
High profile customers have included Harrods, Proctor and Gamble and Berkeley Homes and the company counts work on Wembley Stadium, Imperial Wharf, and the Olympic Athletes Village amongst its projects. It covers design and build, electrical, mechanical and maintenance work.
Top Service, the construction credit reference firm, has had 15 reports of non-payment by Dennis Cox from customers.
Louisa Morgan, operations manager at Top Service, told the Construction Enquirer: “It is our insider intelligence that resulted in us monitoring the company carefully over the last few months. There were no other warning signs.
“Being able to provide our customers with a early warning resulted in us being able to collect some accounts for them.”
In the news section on the company website, Dennis Cox informs readers of its new managing director, Mr Les Asker, who started in his new role on 22 April 2013.
____________________________________________________________________________
Related information:
Build-related businesses in administration
R and K Landscapes in administration - opportunity for buyers
Represents an opportunity for a hospitality acquirer seeking a restaurant with additional takeaway in Harrow.
LEASEHOLD
Wedding venue business with accommodation and large restaurant for sale in Cambridgeshire. With a capacity for up to 110 wedding guests, the16th Century traditional building boasts original features, open fireplaces, exposed beams and elegant interio...
LEASEHOLD
Restaurant for sale in Hartley Wintney, Hampshire. Offering a 3-bed flat, a large car park, and a detached property.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.