Tricon Services Limited (02940505): administration
- Status
- Administration ended
- Administration began
- 2023-11-10
- Administrators
- Gareth Prince, Richard Kenworthy, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1994-06-20
- Location
- Leeds
- Industry
- 43210 Electrical installation
Why it went into administration
- COVID-19
- Rising costs / inflation
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 20 June 1994 by Mr Martin Firth and Mr Aleksandar Jovetic as joint directors of the Company, with the shareholding of the Company initially, being held by several individuals. Subsequently Mr Firth as the majority shareholder transferred their shares to holding company; MJF Holdings Ltd (“MJF Holdings”). Mr Aleksander Jovetic resigned as director of the Company on 13 November 1994. On 19 December 2003, Mr Stephen Raikes, an existing shareholder of the Company, was appointed as director of the Company.
The business was established to facilitate the installation of electrical works, subsequently diversifying into mechanical and associated facilities work on various construction projects, along with providing general construction services. Trade was carried out from a mixed use trading estate in Ossett, Wakefield and employed 12 employees, consisting of a mixture of site operatives and office staff, together with a larger self employed resource.
The Company occupied leasehold premises owned by an associated Company, Tricon Properties Ltd (‘Tricon Properties”).
Administrators' statement of proposals (2024-02-08) · Companies House register