Elite Electrical Services Limited (02199308): administration and why it failed

Elite Electrical Services Limited (02199308): administration

Status: Administration ended
Administration began: 2014-05-15
Administrators: Alisdair James Findlay
Administrators' firm: J Findlay of Findlay James (Insolvency Practitioners)
Incorporated: 1987-11-26
Location: Cheltenham
Industry: 61900 Other telecommunications activities

Why it went into administration

Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
Loss-making contracts / project overruns

From the administrators' statement

Elite Electrical Services Limited (“the Company") was incorporated on 26 November 1987 under

registration number 02199308

The Company was controlled and ran by David Moat and Errol Singh (“the Directors”)

Administrators' statement of proposals (2014-07-11) · Companies House register

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Elite Electrical Services Limited (02199308): administration

Why it went into administration

From the administrators' statement

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Elite Electrical Services Limited (02199308)