# RCC Realisations 2016 Limited (01439934)

> Why UK company 01439934 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01439934

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01439934/filing-history/MzE0MTAxNTkwM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01439934

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