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An Essex-based fit-out specialist has been put into voluntary liquidation.
Construction News understands that directors of Billericay-headquartered Roseville Projects decided to wind it up last week, with business recovery specialist Begbies Traynor handling the liquidation of the firm. Roseville Projects started out as a decorating specialist, but expanded into fit-out and construction.
The firm was overdue in filing its latest accounts, but in its most recent, for the 12 months to 30 November 2018, recorded turnover of £19.4m, up from £15.4m in 2017. It had 65 employees and made £205,000 in pre-tax profit, and held £8,100 in cash at bank and in hand. However, the firm owed £4.9m to creditors within the year, including £1.7m owed to trade creditors, with a further £526,000 falling due after one year.