VE Realisations 2019 Limited (02666115): administration
- Status
- Administration ended
- Administration began
- 2019-03-12
- Administrators
- Arvindar Jit Singh, Raj Mittal
- Administrators' firm
- FRP Advisory
- Formerly
- Veriserv Limited; Electrotest Services Limited
- Incorporated
- 1991-11-26
- Location
- Birmingham
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 26 November 1991 and traded as a business risk compliance contractor. Its primary activities included electrical appliance testing and installation, mechanical plant inspections, fire safety maintenance and security maintenance and monitoring.
Clients ranged from independent retailers, through to small to medium sized businesses and large corporate blue-chip.
The Company operated from leasehold premises in Burntwood, Staffordshire, owned by Energy House, a company with common shareholders and directors.
Administrators' statement of proposals (2019-04-02) · Companies House register