Elecheck (E.S.T.) Limited (02791975): administration
- Status
- Administration ended
- Administration began
- 2019-05-31
- Incorporated
- 1993-02-19
- Location
- Norwich
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Parent or group failure
From the administrators' statement
The Company was formed in 1993 by lain Cruickshank after identifying a market for providing premium electrical compliance services to fulfill increasing health and safety responsibilities. The Company employs 42 employees and additional sub-contractors as the need arises with field engineers located throughout the UK giving the Company nationwide coverage.
The Company’s clients include public authorities, housing associations, utility companies and facilities management providers.
In December 2016 the Company obtained a cash injection of £300,000 from Funding Circle to assist funding working capital commitments which arose due to its clients paying outstanding invoices outside agreed terms. A further cash injection was received in July 2017 of £80,000 from Funding Circle. However, with its increasing loan repayments the Company began to struggle with payments to its other creditors.
Administrators' statement of proposals (2019-06-20) · Companies House register