# S.R. Harvey Electrical Limited (02181589)

> Why UK company 02181589 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02181589

- **Status:** Administration ended
- **Administration began:** 2011-07-11
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Solebeck Builders Limited
- **Incorporated:** 1987-10-21
- **Location:** Southend
- **Industry:** 4531

## Why it went into administration

- Competition / price pressure
- Loss-making contracts / project overruns
- Property / lease costs
- Sustained trading losses

## From the administrators' statement

41 SR Harvey Electrical Limited (“the Company”) commenced trading in 1979 and was incorporated in October 1987 The Company provided electrical contracting to the whole of the UK but predominately traded in London and the South The share capital has always been 100 ordinary shares of £1 each, dividend equally between Steven Harvey (“SH”) and Kim Harvey ("KH") who were also the Company’s Directors at the cessation of trade

42 — Inttal funding came by way of an unsecured loan from Lloyds TSB Bank Plc for £25,000, which the Company obtained soon after incorporation, and paid back a few years later Thereafter, cash flow was supported by an authorised overdraft facility for £60,000 which was always kept within comfortable limits and personally guaranteed by SH and KH

43 > Turnover stayed strong and in the early 1990's, the Company acquired a competitor that sold electrical items, domestic appliances and provided vanous repair services This company traded from their own retail premises, which the Company took over in addition to tts own freehold premises (which it owned)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02181589/filing-history/MzA0MzM2MjMwMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02181589

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