J D Cooling Systems Limited (02888433): administration
- Status
- Administration ended
- Administration began
- 2023-08-17
- Administrators' firm
- FRP Advisory
- Formerly
- IMA Cooling Systems Limited
- Incorporated
- 1994-01-17
- Location
- Norwich
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Competition / price pressure
- COVID-19
- Supply chain disruption
- Brexit
From the administrators' statement
The Company was incorporated in 1994 under the name IMA Cooling Systems Limited and in 2011 it changed its name to J D Cooling Systems Limited. Over time its directors and shareholders have changed and none of the original founding people remain in office.
The Company's business comprised of the supply and installation of industrial cooling equipment primarily for the food market and service and maintenance options to its customers. The Company operated from various leasehold premises in King’s Lynn, Manchester & Kelty (Scotland). It also had a satellite office in Newark. It employed 113 staff including its 7 directors.
An analysis of the Company accounts from the financial years ended 31 May 2015 to 2021 showed turnover rising steadily from 2015 when the Company reported a turnover of £9.6m through to £29.9m in 2021 and profits of between £958,000 (2015) and £1.5m (2019). In only one year did the Company report a loss, this being £236,000 in 2020.
Administrators' statement of proposals (2023-09-14) · Companies House register