Seaflame Company Limited (01306525): administration
- Status
- Administration ended
- Administration began
- 2011-06-08
- Formerly
- Windsortown Limited
- Incorporated
- 1977-04-04
- Location
- Manchester
- Industry
- 4531
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
21 The Company’s principal activity was the provision and delivery of design, installation, maintenance and the repair of mechanical, gas and electrical installations covering both domestic and commercial properties
22 The Company was part of The Kinetics Group of compames (the Group) which was formed 1n 2006 via a management buy-out of DC Group Limited, and included the shares in Seaflame and Cameron Industrial Services Limited (CIS). Throughout 2007, 2008 and 2009, other third party businesses were acquired and added to the Group These included the acquisitions of Hudson Engineering Services Limited (Hudson), TA Horn Limited (TA Horn), Watmotts Limited (Walmotts), Lord Group Limited (Lord), Sureway Gas Limited (Sureway) and the assets and business of ist Saxon Clenmay Limted, which was merged into Seaflame. Other Group holding companies included Kinetics Group Limited (KGL) and Kinetics Holdings Limited (KHL)
23 In late March 2011, the Group's management identified the need for additional cash resources to allow a restructuring/rationalisation of the Group, which it was proposed would give it the best platform on which to win new work and thus improve financial performance
Administrators' statement of proposals (2011-07-19) · Companies House register