Space Airconditioning PLC (01313460): administration
- Status
- Administration ended
- Administration began
- 2016-11-18
- Administrators
- Matthew Richard Meadley Wild, Terence Guy Jackson
- Administrators' firm
- RSM
- Formerly
- Calhart Limited
- Incorporated
- 1977-05-11
- Location
- Guildford
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- Property / lease costs
- Competition / price pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
Brief background We outline below a brief background history based on the information provided to us by the director
Space Airconditioning Pie (“Space Air” or the “Company") was incorporated on 11 May 1977 (as Calhart Ltd later changing its name to Space Airconditioning Ltd) and has been trading since 1980 The Company's principal activity was the distribution of Daikin air conditioning equipment Space Air was the leading independent distributor of Daikin Europe N V (“Daikin"), a major subsidiary of Datkin Industries Limited of Japan and Daikin was the Company’s sole supplier
The Company supplied the full range of Daikin air conditioning equipment, together with its own accessories, to commercial, industrial and residential markets The Company’s main customer base was that of mechanical and electrical specifiers, contractors and dealers, who were installers of the equipment The Company also ran a training facility to assist their customers with training qualified engineers who were able to fit the equipment to the manufacturer's standards
Administrators' statement of proposals (2017-01-25) · Companies House register