South Eastern Electrical PLC (01579718): administration
- Status
- Administration ended
- Administration began
- 2018-10-23
- Administrators
- Jamie Taylor, Wayne Macpherson
- Administrators' firm
- Begbies Traynor
- Formerly
- Turpose Limited
- Incorporated
- 1981-08-12
- Location
- Leigh-on-Sea
- Industry
- 43210 Electrical installation
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Weather / natural events
From the administrators' statement
The Company was incorporated on 12 August 1981 and traded from leasehold premises situated at 62-70 Fowler Road Hainault Essex IG6 3UT. It traded as an electrical contractor and undertook large scale developments, maintenance and reactive repair.
The Company traded successfully for many years and has achieved gross profits of over £3m in each of the accounting years ending 31 March 2017, 31 March 2016 and 31 March 2015.
The Company employed approximately 120 staff from various specialisms, as well as utilising a large number of subcontractors dependent on the level of work available and the contracts being undertaken at the time. The Company was divided into three separate divisions being major works, reactive maintenance and contracted maintenance. Each division was overseen by the directors and financial performance was routinely monitored to ensure each was performing.
Administrators' statement of proposals (2019-01-10) · Companies House register