Campbell Electrical Services Limited (02913520): administration
- Status
- Administration ended
- Administration began
- 2013-01-23
- Administrators' firm
- FRP Advisory
- Formerly
- Daystone Enterprises Limited
- Incorporated
- 1994-03-28
- Location
- St. Albans
- Industry
- 33140 Repair of electrical equipment
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
21 The Company was incorporated in 1994 and since that time has traded as an electrical contractor in the design, installation, maintenance and testing of electrical systems.
2.2 The directors of the Company are Paul Campbell and Ann Campbell, both of whom have been directors since the date of incorporation. Paul Campbell is also the majority shareholder and Managing Director of the Company.
2.3 The Company historically carried out the majority of its work in schools and universities. These works needed to be completed when the buildings were not in use and meant that the Company found itself with low activity during term times, This had a major impact on the Company's cash flow, in an effort to regularise the cash flows, the Company entered into two long term contracts which were envisaged to last the duration of 2012.
Administrators' statement of proposals (2013-02-26) · Companies House register