A North Wales construction company will vote on its potential liquidation within three days. W.E Build Construction Services, based in Conwy, will hold a meeting of creditors on May 29, when the future of the company will be decided.
It had specialised in new builds, extensions, alterations, landscaping, renovations, driveways and patios, and had five-star reviews on its social media page. One customer wrote: “From start to finish, WE BUILD, have been a total pleasure to deal with. They have guided us through the whole process, being really patient, kind and professional throughout.”
But W.E Build Construction Services Ltd’s 2025 accounts on Comapnies House show the company had more than £85,00 in short-term debts owed within a year, including nearly £59,000 owed in taxation and social security.
The accounts also show around £39,000 in longer-term borrowing, and the company’s position has worsened compared with the previous year.
The specific reasons companies arrange a meeting of creditors generally fall into three main categories, one of which is a Creditors Voluntary Liquidation, which is the case for this Welsh company.
The meeting provides a formal platform for directors to explain the business’s current situation, present a detailed statement of assets and liabilities, and allow creditors to vote on the company’s restructuring or liquidation.
An insolvency practitioner has been appointed on behalf of the business, Daniel Taylor of Fortis Insolvency Limited.
The firm, which was founded in 2013, owed £205,100 to various creditors at the time of collapse, according to documents on Companies House.
This included £184,432 in VAT to HMRC, £11,000 to Santander and £668 to aggregate supplier Earthline Limited.
Express.co.uk has reached out to W.E Build Construction Services Ltd for comment.
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