T & T Carpentry and Facades Ltd has entered Administration following an HMRC winding-up petition; the Administrators Proposals reveal total creditor claims of approximately £2.6 million, including around £1.5 million owed to HM Revenue & Customs. Following an HMRC winding-up petition, the Administrators’ Proposals reveal total creditor claims of approximately £2.6 million, including around £1.5 million owed to HM Revenue & Customs. The company was placed into Administration on 28 May 2026 after HMRC’s winding-up petition was adjourned to allow an Administration application to proceed. At the hearing, the Court ordered that the company be placed into Administration and the winding-up petition was subsequently dismissed.
The Administrators have confirmed that the business and a substantial part of its assets have been sold through a connected-party pre-pack administration to T&T Facades & Remediation Ltd, a company owned by Thomas Rutter and Thomas Watkins, who each hold a 50% beneficial interest.
T & T Carpentry and Facades Ltd and Thomas Rutter
Whilst this Administration concerns T & T Carpentry and Facades Ltd, it is not the first insolvency involving companies connected with Thomas Rutter.
Court records show that T & T Properties and Developments Ltd, another company connected with Mr Rutter, was the subject of an HMRC winding-up petition presented on 6 February 2024 before being wound up by the Court on 5 April 2024. The Administrators’ Proposals also confirm that Mr Rutter and Mr Watkins are directors of both the company in Administration and the purchasing company, T&T Facades & Remediation Ltd, which acquired the business through the connected-party pre-pack sale.
T & T Carpentry and Facades Ltd Pre-Pack Sale
The sale was completed in accordance with the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021.
The Administrators confirm that an independent evaluator’s report was obtained before completion of the sale and concluded that both the consideration being paid and the grounds for the disposal were reasonable in the circumstances.
According to the Administrators’ Proposals, the purchaser agreed to pay an initial consideration of £140,000, comprising £40,000 on completion, with the balance payable by instalments between September 2026 and March 2027.
In addition, the purchaser agreed to pay 4% of the turnover generated by the business during the first twelve months following completion (less the initial consideration already paid), together with £10,000 for the assignment of an insurance claim and 20% of any net recovery arising from that claim.
The purchaser also intends to acquire the company’s goodwill, contracts, work in progress, intellectual property, stock and other business assets whilst continuing to trade the business as a going concern. The Administrators confirm that the workforce will transfer under the TUPE Regulations.
T & T Carpentry and Facades Ltd Creditors
The Administrators estimate that HMRC’s secondary preferential claim totals approximately £1.478 million. They further conclude that there will be insufficient funds available to make any distribution to unsecured creditors.
T & T Carpentry and Facades Ltd – The NPD Credit Information Database
The NPD Credit Information Database has been built over many years by collating and cross-referencing commercial information from many sources. In addition to Companies House information, the database incorporates payment performance data supplied by our many clients, information obtained through our commercial debt recovery department, County Court Judgments, insolvency information and intelligence gathered during the preparation of Company Reports and detailed commercial investigations carried out by our Credit Investigation Department.
This information is continually collated and cross-referenced using company names, directors (both current and previous), trading addresses, registered offices, telephone numbers, trading styles and other commercial links, enabling the database to build an increasingly comprehensive picture of companies, individuals and their commercial connections.
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What is a pre-pack administration?
A pre-pack administration is an insolvency procedure where the sale of a company’s business and assets is negotiated before administrators are appointed and completed immediately afterwards. The objective is often to preserve the business, protect jobs and maximise the value of the assets.
What is a connected-party pre-pack administration?
A connected-party pre-pack administration occurs when the purchaser is connected to the insolvent company, for example through common directors or shareholders. Since 2021, certain connected-party sales require additional safeguards, including an independent evaluator’s report.
What information does the NPD Credit Information Database contain?
The NPD Credit Information Database has been built over many years by collating and cross-referencing commercial information from numerous sources. It includes payment performance data supplied by our many clients, information obtained through our commercial debt recovery department, County Court Judgments, insolvency information, Company Reports, detailed commercial investigations, director connections, trading addresses, telephone numbers, trading styles and other commercial intelligence gathered during our day-to-day operations. All of this is collated and cross-referenced.
