RCC Realisations 2016 Limited (01439934): administration
- Status
- Administration ended
- Administration began
- 2016-01-18
- Administrators' firm
- KPMG
- Formerly
- Rapid Climate Control Limited; Rapid Limited; Rapid Heat & Building Equipment Limited
- Incorporated
- 1979-07-26
- Location
- Reading
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Competition / price pressure
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
RCC was incorporated in 1979 and has three divisions employing approximately 80 staff in offices and regional depots across Great Britain Its Head Office was based in Thurrock, Essex
The Hire & Sales division carries out the hire and sale of air conditioning and heating units principally to large Facilities Management companies In recent years the division has generated an EBITDA of between £500,000 and £1 million
The Plumbing Contracts division initially focussed on the installation of heating and air conditioning systems into large commercial and residential developments During the downturn in the property market, the demand for the division's services fell To counter the fall in revenue from the traditional sources of work the division diversified into providing plumbing services to the large house builders
Administrators' statement of proposals (2016-02-02) · Companies House register