Coastal Construction directors lose business as Ncfc files winding-up petition

Kevin and Gary Waddison, brothers who ran Coastal Construction in Heacham, have ceased trading after deciding to place the firm into liquidation. The collapse followed a winding-up petition lodged by Norwich City, and leaves creditors owed more than £1. 06m. Fans of ncfc will recognise the club’s long commercial ties with the company, which once paid for a hospitality box at Carrow Road.

Kevin Waddison and Gary Waddison on Coastal Construction’s end

Coastal Construction’s directors, Kevin and Gary Waddison, told how they injected money into the business in a final effort to keep it running. Their statement of affairs filed at Companies House shows the company ceased trading while owing creditors £1. 06m, including more than £282, 000 of the brothers’ own money. Kevin Waddison said, “we could not trade any longer, ” and that they had done everything they possibly could to hold the company off collapse.

Ncfc’s role in the winding-up petition at Carrow Road

Norwich City was listed among Coastal Construction’s 26 creditors and filed the petition that prompted the company’s legal step. The club’s claim related to a sponsorship deal and took place after Coastal had supplied building work at Carrow Road and the club’s training ground. Norwich City did not disclose the precise sum it was owed, and the filing of the petition came months before the company entered insolvency.

Companies House records, nutrient neutrality and the creditors list

The statement lodged at Companies House lays out how Coastal Construction’s liabilities and creditor list came together. The company recorded more than 26 creditors on its accounts, and the brothers noted they had injected around £300, 000 into the firm in the previous year in an attempt to bridge gaps. Kevin Waddison pointed to nutrient neutrality planning rules as the main reason work stalled, saying projects were delayed while the firm waited for planning permissions it could not get over the line in time.

For Coastal Construction that planning delay translated into stalled jobs and cashflow pressure. The directors said they had projects in the pipeline but were still waiting for planning permission on two jobs that should have been resolved earlier, and that those delays left the firm unable to continue trading.

The winding-up petition was lodged in June last year, and four months later the company entered insolvency in October. That sequence of events ended a long-running commercial relationship between the Heacham-based builder and the club, whose sponsorship and matchday hospitality linked the two organisations.

Kevin and Gary Waddison have handed the company over to formal insolvency processes after the June petition and the October insolvency milestone. For the brothers, the next confirmed development is the liquidation itself, recorded at Companies House, with creditors left to seek recovery through the insolvency procedure while the brothers step away from the business they had sought to sustain.