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Wednesday, 9 October 2013

Dennis Cox Building Services in administration move

Dennis Cox Building Services, the Slough-based design and construction business, has filed its intention to appoint administrators to protect it from creditors, according to reports in the Construction Enquirer.  The move may have come about as a result of an impending winding up petition.

Its last filed accounts recorded sales of £15 million with a pre-tax profit of £508k. So it goes to show that accounts are historic!

The firm has worked on a number of high profile jobs including Wembley stadium, the Olympic Athletes Village and Harrods.

An intention to appoint administrators is a powerful tool that gives the company breathing space in which to either refinance the business or restructure for a rescue.  It stops all creditor actions for 10 days and can be extended a further 10 days if the situation is likely to be resolved during the second extension.

Talk to our insolvency practitioners to find out how this can be done.

2 comments :

  1. I worked for 5yrs at Dennis Cox ... and let me tell you that this is the worst company to work for when Lee Fitzgerald was part of the management !

    ReplyDelete
    Replies
    1. I worked at Dennis Cox also, Lee Fitzgerald run this company down hill fast....

      Delete

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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