# Vinshire Plumbing and Heating Limited (02389216)

> Why UK company 02389216 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02389216

- **Status:** Administration ended
- **Administration began:** 2020-12-03
- **Administrators:** Andrew Knowles, Allan Watson Graham
- **Administrators' firm:** Kroll
- **Formerly:** Addcore Limited
- **Incorporated:** 1989-05-25
- **Location:** Birmingham
- **Industry:** 43220 Plumbing, heat and air-conditioning installation

## Why it went into administration

- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Loss-making contracts / project overruns

## From the administrators' statement

The Company's turnover was based on 16 key JCT (and equivalent) contracts. Due to the contractual obligations of certain contracts, that can run for several years, poor performing contacts with yearly losses meant that the Company forecasted that it would soon not be able to pay its liabilities as and when they fell due.

Duff & Phelps were then engaged by the Directors on 23 October 2020 to carry out an insolvency options review with a view of commencing and AMA process.

Appointment

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02389216/filing-history/MzI4NTY5MDE3MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02389216

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