D H Fathers Limited (01246723): administration
- Status
- Administration ended
- Administration began
- 2015-06-22
- Administrators
- Mark Malone, William John Kelly
- Administrators' firm
- Begbies Traynor
- Formerly
- D.H. Fathers & Sons (Electrical Contractors) Limited
- Incorporated
- 1976-03-02
- Location
- Birmingham
- Industry
- 43210 Electrical installation
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
DH Fathers Limited began trading in 1957 and was incorporated in 1976 The Company Initially carried out minor electrical works however, through the process of time, the Company grew and to service the ever expanding client base started to offer mechanical works
Histoncally the Company was financed by a bank overdraft facility to sustain the working capital requirements, and any asset purchases were funded by hire purchase agreements This funding was secured against the assets of the Company and personal guarantees In extreme circumstances directors supplemented cashflow with loans into the Company
The business traded from premises at Denison House, Moorgreen Business Park, 2 Coombe Road, Newthorpe, Nottingham NG16 3SU and employed 55 permanent members of staff, all of whom were employed to carry out the principal activity of the Company which was as an Electrical and Mechanica! Contractor
Administrators' statement of proposals (2015-08-19) · Companies House register