Dakro Environmental Limited (03538290): administration
- Status
- Administration ended
- Administration began
- 2023-03-02
- Administrators
- Gareth Prince, Mark Malone
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1998-03-31
- Location
- Birmingham
- Industry
- 81100 Combined facilities support activities
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Brexit
From the administrators' statement
The Company was incorporated in 1998 and was managed and run by two directors trading initially from Black Country House, Rounds Green Road, Oldbury, West Midlands.
The Company provided air and water hygiene services to customers across the UK and Europe. These services include jegionella risk control and compliance, water hygiene, water treatment, pre-commission flushing, air and water systems commissioning and balancing, air quality monitoring, ductwork cleaning, fire damper testing and uv-c disinfection services including air purification. The Company operated all over the UK and Europe and employed over 24 well trained, experienced engineers operating from a fleet of branded vans.
The Company grew its services and number of customers over the next 15 years and annual turnover reached over £4m. {t was at this stage that a member of the senior management team exited the business and caused disruption with clients and staff. This created the Company's first loss making period and adversely impacted the cash reserves in the business. The Company successfully traded through this period and last year revenues were back over £3m. To fund the ongoing operating of the business the Company had to borrow, creating debt which needed to be serviced going forward.
Administrators' statement of proposals (2023-03-16) · Companies House register