Fri, 22 Nov 2024 | ADMINISTRATION
Cheshire-based contractor Lyjon Crew has appointed directors after a tricky buying and selling length.
Directors from Opus Restructuring had been introduced in previous this month and appointed on November 14, in line with filings on Corporations Area.
Based in Would possibly, 1964, the Lyjon Crew is founded in Telford Street, Ellesmere Port. Its web site says it delivers tasks ranging in worth from £10,000 to £1.5m. It operates 4 divisions – building, electricals, insulation and cladding.
Up to now it has performed paintings for native government together with Wirral, Cheshire West, Chester, Knowsley and Liverpool. Different shoppers have integrated Knowsley Housing Accept as true with (Livv Housing Crew), Tate & Lyle and United Utilities.
In its most up-to-date effects filed to Corporations Area, the trade within the yr to September 30 2023 recorded a turnover of £7.9 million, down from £8.1 million within the earlier yr. Its loss ahead of taxation widened to £1.1 million from just about £122,000 the former yr.
The gang, with a mean of 49 workforce all over the monetary yr, had web property of £1 million, down from £1.9 million the former yr.
Creditor quantities falling due inside of 12 months had been as much as £2.4 million from £1.86 million. Of that quantity £1.8 million was once owed to business collectors.
In the newest accounts the gang said that it was once having a look to extend its marketplace percentage through ‘steadily growing lengthy lasting partnership preparations’.
The development sector in the United Kingdom alternatively has been hit badly lately battered through upper subject material costs, provide chain disruption, upper rates of interest and talent shortages.
The trade accounted for 12 consistent with cent of UK administrations in 2023 – the second one absolute best sector – and up 22 consistent with cent on 2022, in line with research from regulation company Shakespeare Martineau.
Alternatively, there are hopes of a restoration within the sector given the brand new Labour Executive’s plans to ramp up space development and infrastructure tasks.
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