Hereford Boiler Services Limited (03494461): administration
- Status
- Administration ended
- Administration began
- 2014-04-11
- Administrators
- Conrad Alan Beighton, Paul David Masters
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1998-01-19
- Location
- Birmingham
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Competition / price pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated in 1998 by David Llewellyn as a provider of heating installation and boiler servicing to the customers of Llewellyn (Heating) Limited (‘LH’), of which Mr Llewellyn was also a director.
Mr Llewellyn introduced around £80,000 of personal funds to start up the Company, which was also supported by an overdraft facility of £15,000 provided by Barclays Bank Plc
In 2001, Terrence Morgan joined the business as a director and shareholder with a 35% shareholding The remainder of the shareholding (65%) was retained by Mr Llewellyn Mr Morgan had over 20 years experience upon joining the business, to complement Mr Llewellyn’s 30 years experience in this sector
Administrators' statement of proposals (2014-05-20) · Companies House register