# Glenborough Engineering Co. Limited (02069707)

> Why UK company 02069707 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02069707

- **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- Credit insurance / supplier credit withdrawn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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02069707/filing-history/MzE1MDk5NDAxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02069707

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