Burnertech Combustion Engineers Limited (02679081): administration
- Status
- Administration ended
- Administration began
- 2024-04-10
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1992-01-20
- Location
- Leeds
- Industry
- 25620 Machining
Why it went into administration
- Management failings / irregularities
From the administrators' statement
As creditors are aware a pre-packed sale of the business and certain assets was completed immediately following the Joint Administrators’ appointment. Following the completion of this prepackaged sale, the Joint Administrators sent a letter to creditors on 16 April 2024 to provide further information on the sale pursuant to the requirements of the Statement of Insolvency Practice (“SIP”) 16. A copy of the information provided is attached at Appendix M of this report.
The Joint Administrators would like to draw your attention to section 3.6 to 3.54 of the SIP16 report, which provides background information regarding the Company and events leading up to the Joint Administrators’ appointment.
The Company was introduced to Sean Williams of Leonard Curtis along with another company, Burnertech Limited (“Burnertech”), a company associated with the Company by a mutual director and shareholder. Sean Williams and Phil Deyes received instruction from Burnertech and were appointed as joint administrators of Burnertech on 18 March 2024.
Administrators' statement of proposals (2024-06-07) · Companies House register