Eurotec Group Limited (03667854): administration
- Status
- Administration ended
- Administration began
- 2023-07-21
- Administrators
- Jamie Taylor, Wayne Macpherson
- Administrators' firm
- Begbies Traynor
- Formerly
- Yalecom Consultants Limited
- Incorporated
- 1998-11-16
- Location
- Leigh-on-Sea
- Industry
- 46730 Wholesale of wood, construction materials and sanitary equipment
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Rising costs / inflation
- Brexit
- Competition / price pressure
From the administrators' statement
Eurotec Group Limited (“The Company’) was incorporated on 16 November 1998 and held an established reputation of supplying construction and fitout markets.
The Company employed approximately 110 staff which included sales, administrative and manual roles along with an experienced and committed management team.
The Company undertook various forms of advertising to try and attract new custom. A Company website was in operation which gave potential clients the opportunity to look at services provided by the Company. The majority of work came via repeat custom and by way of word of mouth.
Administrators' statement of proposals (2023-09-08) · Companies House register