# K. Gray Plumbing and Heating Services Limited (01412304)

> Why UK company 01412304 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01412304

- **Status:** Administration ended
- **Administration began:** 2014-01-10
- **Formerly:** Trimbond Heating Limited
- **Incorporated:** 1979-01-30
- **Location:** Droitwich
- **Industry:** 43220 Plumbing, heat and air-conditioning installation

## Why it went into administration

- Loss of a key customer, supplier or contract
- Sustained trading losses

## From the administrators' statement

The Company was incorporated in June 1979 and was then purchased as an MBI in November 2007 The company ran as a sister company to K Gray Plumbing and Heating Engineers Ltd which did the bulk of the work but also had a large property portfolio A holding company was set up to buy the shares of Services Ltd which then purchased the trading and goodwill of Engineers Ltd The company had a turnover of around £6m pa and a track record of good profits

The purchase price was £2m made up of £500k cash plus £15 million deferred over 7 years A loan of £650k was taken out from Yorkshire Bank by the holding company, Seckloe 355 Ltd, to cover the cash transaction and associated completion costs

The company structure Is that K Gray Plumbing and Heating Services Ltd is wholly owned by Seckloe 355 Ltd whose shareholders are MJ Sharp 81% and PM Sharp 19%

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01412304/filing-history/MzA5MzcwOTYzNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01412304

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.