Sunday, January 27, 2013

"2012 Entrepreneur of Year" British Modular Company Files Bankruptcy


GML Construction was set up in 1991 by Alan Proto who was last year named ‘Entrepreneur of the Year’ in the Kent Excellence in Business Awards.

The company was also named as ‘SME of the Year’ at the London & Southeast final of the Constructing Excellence Awards 2011.

GML, based in Coxheath, England near Maidstone, specialised in modular and timber-frame construction projects and a lot of the company’s workload had come from local authorities and, in particular, schools.

Mr Proto’s LinkedIn page puts GML’s turnover at $11M, ‘expected to grow to $23.5M+ next three years’.

Alan Proto, founder of GML Construction
All staff were laid off at the start of the year and administrators from Moore Stephens LLP were appointed on January 16, 2013.

GML had expanded into the renewable energy sector, targeting Solar PV for both the commercial and domestic markets.

“For the first time in my life, I’m completely wiped out. It’s quite numbing. I recognise that my responsibility is to work in the best interests of all those people who had a stake, and I will do everything I can to minimise the damage caused to them," Proto said.

2 comments:

Anonymous said...

By minimising the damage, Does that mean Henry Thomas Homes will pay us.

Anonymous said...

There was only one loan known off to Henry Thomas of around 90k. The reciever tried to keep that quiet.