# Independent Lift Services Limited (01765839)

> Why UK company 01765839 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01765839

- **Status:** Administration ended
- **Administration began:** 2014-02-05
- **Administrators' firm:** Willams and Partners
- **Incorporated:** 1983-10-31
- **Location:** London
- **Industry:** 33190 Repair of other equipment

## Why it went into administration

- HMRC / tax arrears
- Rising costs / inflation
- Loss-making contracts / project overruns

## From the administrators' statement

The Company was established in 1983 by Richard Lunn, initially operating from a garage in Barking prior to moving to Unit 3J Barlow Way, Fairview Industrial Park, Rainham, Essex Subsequently the Company's pension fund, Independent Lift Services Retirement Benefit Scheme, purchased that Unit in additton to Unit 1D which was used for storage As the Company continued to grow, the pension fund sold Unit 3J and purchased Units 2A, B & C

The Company serviced, installed, maintained and repaired lifts, with the majority of contracts carried out for Local Councils and Authorities In addition, contracts were secured with private sector clients It is estimated that the split between public and private clients is 80 20 respectively

During Richard Lunn’s time as a director, he had built up a profitable and respected Company within the industry Richard Bourke purchased a 10% shareholding in the Company dunng 1999 and Anthony Wagstaff was made Service Department Director prior to Richard Lunn’s retirement in March 2011 The business continued to trade, albert that 90% of the shareholders were no longer involved in the day to day running of the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01765839/filing-history/MzA5NzQwMzY4OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01765839

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