Lowestoft Electrical Co. Limited (01192186): administration
- Status
- In administration
- Administration began
- 2023-12-12
- Administrators
- Andrew Andronikou, Grace Jones
- Administrators' firm
- Quantuma
- Incorporated
- 1974-11-29
- Location
- London
- Industry
- 43210 Electrical installation
Why it went into administration
- Loss-making contracts / project overruns
From the administrators' statement
3.1 As stated above, the Director was advised by the Company’s accountant, Dallas Martin, to obtain professional advice on the financial position of both the Company and Fennell.
3.2 The Director contacted insolvency practitioners at PAL (“PAL”) on 30 October 2023.
3.3. Andrew Andronikou of QAL was approached by PAL, and introduced to the Company and Dallas Martin on 6 November 2023.
Administrators' statement of proposals (2024-02-05) · Companies House register