Sapphire Controls Limited (02242128): administration
- Status
- Administration ended
- Administration began
- 2020-01-02
- Administrators
- Danny Dartnaill, John Strowger
- Administrators' firm
- BDO
- Formerly
- Sapphire Industrial Controls Limited; Taytroll Limited
- Incorporated
- 1988-04-08
- Location
- London
- Industry
- 26301 Manufacture of telegraph and telephone apparatus and equipment
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 8 April 1988 and operated as an electrical switchgear designer and manufacturer. It operated from two leasehold premises:
• Sapphire House, Roundtree Way, Norwich, NR7 8SQ; and « Philpot House, Station Rd, Rayleigh, SS6 7HH.
The Company was subject of a management buy-in/buy-out (‘BIMBO’) in 2018, which resulted in the acquisition vehicle, Waterside 35 Limited (‘W35L’), acquiring 100% of the shares of Sapphire Power Management Limited (‘SPML’), the Company’s immediate parent. W35L, SPML and the Company are referred to collectively as ‘the Group’ in this report.
Administrators' statement of proposals (2020-02-28) · Companies House register