Apex Electrical Solutions Limited (02632437): administration
- Status
- Administration ended
- Administration began
- 2014-07-14
- Administrators
- Howard Smith, Jonathan Charles Marston
- Administrators' firm
- KPMG
- Formerly
- Apex Electrical Distribution Ltd; Gwenterprise Ltd.
- Incorporated
- 1991-07-25
- Location
- Newcastle upon Tyne
- Industry
- 46520 Wholesale of electronic and telecommunications equipment and parts
Why it went into administration
- Competition / price pressure
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The Company was incorporated on 25 July 1991 and traded as an electrical wholesaler and lighting distributor from an industnal unit at Follingsby Park, Gateshead, Tyne & Wear
The Company had 15 employees at the date of our appointment
2.2 Funding of the Company
Administrators' statement of proposals (2014-09-17) · Companies House register