Cooltherm Installation Services Limited (03540540): administration
- Status
- Administration ended
- Administration began
- 2022-10-14
- Administrators
- Hilary Pascoe, Mike Dillon
- Administrators' firm
- Leonard Curtis
- Formerly
- Coldtherm Limited; Advance Backing Limited
- Incorporated
- 1998-04-03
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Sustained trading losses
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
3.1 The Company was incorporated on 3 April 1998. Atthat point the Company was owned by Directors/Shareholders who were no longer involved in the business at the time of Administration. Kevin Barratt was appointed Director in 2000 before a restructure in management in 2002, resulting in the previous Directors resigning and the appointment of James Dawber in September 2002. The wives of Kevin Barratt and James Dawber (Vicky Barratt and Lucy Dawber) were appointed as Directors with roles in the Company in March 2010 and all four Directors each holding 25% shareholding.
3.2 In July 2021, Kevin Barratt suddenly passed away. Kevin Barratt ran the design and financial side of the business and James Dawber ran operations overseeing each project is installed correctly and maintaining customer relationships. Since Kevin's passing, the business was run by James Dawber with the support of key members of staff. Kevin's shares were passed to his wife Vicky Barratt.
3.3 Planscheme Limited is the Shareholder of the Company. However, itis understood that the ultimate shareholding of the Company is as follows:
Administrators' statement of proposals (2022-11-03) · Companies House register