Installation Project Services Ltd. (03239857): administration
- Status
- Administration ended
- Administration began
- 2014-08-22
- Administrators
- Neil A Bennett, Alex David Cadwallader
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1996-08-20
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 20 August 1996 and commenced to trade immediately under the trading name “IPS”
The Company latterly traded from rented premises at 53 Uliswater Crescent, Coulsdon, Surrey CRO 2HR under an informal licence with CHC Partnership at a rental of £104,000 per annum The principal trading activity was the design, installation and maintenance of passenger communications, information and display systems, electronic service update boards and CCTV cameras to the rail network in the South East
The Company was founded in 1996 by Philip Clayton, Robert Clayton and Chnstian Helden who were previously employees of Cubic Transportation Limited, where they gained extensive expenence delivering infrastructure proyects within the London Underground (“LU”) environment
Administrators' statement of proposals (2014-10-01) · Companies House register