AAC AIR Conditioning and Refrigeration Limited (03878661): administration
- Status
- Administration ended
- Administration began
- 2018-01-19
- Administrators' firm
- CFS Restructuring
- Incorporated
- 1999-11-17
- Location
- Nottingham
- Industry
- 82990 Other business support service activities n.e.c.
From the administrators' statement
3.1 The Company had suffered aggregate losses of £312,937 during the period to 31 August 2017. The losses were suffered because of three contacts that the Company entered. One contract had variations more than twice the original contract value and whilst some of the costs could be claimed on the variations, it became clear to the Company that large losses were going to be suffered. The two other contracts that suffered losses have been because of non-performance by the Company, primarily led by the cash flow issues that the first contract has placed upon the business. It is estimated that the Company’s losses on these three contracts was in the region of £384,000.
3.2. On 19 January 2018, Richard A B Saville, and Richard A B Saville of Business Sustainability Limited were appointed Joint Administrators of the Company following an Administration Order granted by the Court on the application of Lloyds Bank plc.
3.3. The Joint Administrators confirm that they are authorised to carry out all functions, duties and powers by either one or both of them.
Administrators' statement of proposals (2018-04-24) · Companies House register