Riskdisk
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- Oct 27, 2010
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On the 11th January 2011 North Norfolk Construction Limited entered administration. The company was just over 3yrs old when it folded and had produced accounts that were pretty good for a new limited company, however back in September 2010 they had a CCJ filed against them for £3,482 and this was the start of many more to come over the following months. At the time of the administration there were nearly £50,000 worth of CCJ's filed against them and non of them had been satisfied. Based on 61 trading experiences that we have received about this company they were paying the bills on average 83 days beyond their agreed terms and this has been getting worse of the last few months.
On the 1st December 2010 the director set up two new companies, both of which have very similar names to the one that has just entered administration.
It just goes to show that a set of accounts on their own does not paint the full picture of what is actually happening behind closed doors. For more information on a company that you may be having problems with or are thinking of dealing with please take a look at our website and have a look at a free report, you can do this by clicking on our company logo anywhere on this site. Please remember to quote 'Scaffolding Forum' when you speak to an advisor.
On the 1st December 2010 the director set up two new companies, both of which have very similar names to the one that has just entered administration.
It just goes to show that a set of accounts on their own does not paint the full picture of what is actually happening behind closed doors. For more information on a company that you may be having problems with or are thinking of dealing with please take a look at our website and have a look at a free report, you can do this by clicking on our company logo anywhere on this site. Please remember to quote 'Scaffolding Forum' when you speak to an advisor.
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