Glenborough Engineering Co. Limited (02069707): administration
- Status
- Administration ended
- Administration began
- 2016-04-18
- Administrators' firm
- Restart Business Turnaround and Insolvency
- Formerly
- Ernie Chambers Limited
- Incorporated
- 1986-10-31
- Location
- Chesterfield
- Industry
- 64203 Activities of construction holding companies
Why it went into administration
- Loss of a key customer, supplier or contract
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
From the administrators' statement
Events prior to the Administration A detailed history of the company ts set out in section 1 2 above
Restart was first introduced to the Company by tts accountants, Ashgates Corporate Services Limited (“Ashgates”) on 8 April 2016 to provide advice to the directors on the Company's financial position following the loss of the major contract referred to in the history above
For the reasons set out in the history in section 1 2 above, it was clear that the Company was insolvent or likely to become insolvent The various alternative insolvency procedures were discussed including Company Voluntary Arrangement (“CVA”), Creditors Voluntary Liquidation (CVL") and Administration
Administrators' statement of proposals (2016-06-17) · Companies House register