F (Realisations) 2023 Limited (02619447): administration
- Status
- Administration ended
- Administration began
- 2023-05-05
- Administrators
- Zelf Hussain, Mark James Tobias Banfield, Jane Steer
- Administrators' firm
- PwC
- Formerly
- Flowline Limited
- Incorporated
- 1991-06-11
- Location
- Leeds
- Industry
- 81222 Specialised cleaning services
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
From the administrators' statement
The Company was founded in 1982 and was initially known as Essex, Plumbing and Draining Services, before rebranding to Flowline Limited in 1991. The business grew into a leading environmental services organisation that provided essential relining and drainage services using advanced equipment, skilled and certified staff and operational technologies. The business continued to grow and secured investment from its financial shareholder, BGF, in 2014 to strengthen and extend capabilities and expand their geographical footprint in England.
The Company had 164 employees at the date of our appointment, but also utilised the services of c.25 subcontractors to deliver the businesses services (although this number fluctuates depending on requirements).
The Company holds four formal leases at sites based in the South East of the United Kingdom. Two of the leases relate to sites in Rayleigh, Essex, where the Company had its head office, part of its fleet depot and a non-hazardous waste disposal facility. A further lease is also held in relation to an open storage facility in Kings Langley and a further lease in respect of an open storage facility in Cuxton, Rochester.
Administrators' statement of proposals (2023-05-20) · Companies House register