Deltair Airmotive Limited (03669070): administration
- Status
- Administration ended
- Administration began
- 2015-10-27
- Administrators
- Michael Robert Fortune, Carl Derek Faulds
- Administrators' firm
- Proudley Associates
- Incorporated
- 1998-11-17
- Location
- Fareham
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Sustained trading losses
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The company was incorporated in 1998 and trades from leasehold premises, which are owed by the directors, in Waterlooville, Hampshire The company undertakes repairs and overhauls of general aviation aircraft engines and propellers inclusive of ancillaries
David McEwan, Peter House & George Greenwood have been directors and shareholders since the outset Christopher Adams was appointed a director in May 2004 and was also provided with a shareholding
The company was funded by a bank loan and overdraft facility provided by National Westminster Bank Pic, supported by a debenture conferring fixed and floating charges over the assets of the company In addition, the directors have provided personal guarantees to support the bank’s indebtedness
Administrators' statement of proposals (2015-12-18) · Companies House register