Turbine Efficiency Limited (03914410): administration
- Status
- Administration ended
- Administration began
- 2021-11-16
- Administrators
- James Richard Clark, Howard Smith
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2000-01-27
- Location
- Leeds
- Industry
- 33190 Repair of other equipment
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 27 January 2000 and operated as a specialist provider of MRO services for industrial gas turbines in the utilities, oil and gas, power generation, and industrial process support sectors.
The Company operated from a leasehold facility in Witham St Hughes, Lincolnshire. On appointment, the Company had 36 employees.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2021-12-22) · Companies House register