(Image: PA)
A North Yorkshire construction company is in liquidation with debts approaching £750,000.
BCG North Ltd of Brookfield, Oxmoor Lane, Biggin, near Sherburn-in-Elmet, was incorporated in September 2022 and entered a creditors' voluntary liquidation on September 15.
Companies House records the sole director as Colin Stuart Gebbie.
BTG Begbies Traynor (Central) LLP of Clifton Moor, York, was appointed liquidator.
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A liquidator’s report, known as a statement of affairs, outlines the financial situation for the company which made commercial buildings.
The report said the four-year-old business had estimated realisable assets of £65,510.72.
There were no preferential creditors — those who are paid first.
HMRC was a secondary preferential creditor — those who are paid next — and it was owed £202,246.34, leaving a deficit of £136,735.62.
In addition, there were unsecured creditors, who were owed £609,655.83 overall.
The statement of affairs lists them as a “deficiency brought down” of £15,286.24.
There were trade and expense creditors owed £55,503.48.
ERG Energy was owed £382,569.84.
A director’s loan account (C Gebbie) was owed £64,000.
An associated company (BCG Northern Ltd) was owed £49,338.28.
Funding Circle Ltd was owed £42,957.94 as a loan.
This gave an estimated deficiency with regard to creditors of £746,391.45.
With the business having issued and called up capital of £100, this gave a deficiency of £746,391.45.