Next Level Utilities Limited (04003587): administration
- Status
- Administration ended
- Administration began
- 2012-10-08
- Administrators
- Simon Harris, Cameron Gunn, Mark Supperstone
- Administrators' firm
- ReSolve
- Formerly
- Next Level GAS Limited; Suirlee GAS Limited; Suir-Lee Telecom Limited
- Incorporated
- 2000-05-30
- Location
- London
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 30 May 2000 registered to Next Level House, Thames Road in Dartford The Company was dormant until 2008 when it won a contract with Enterprise Management Systems Limited installing gas connections to residential properties Due to the downturn in the housing market, this contract provided less work than forecast As a result, the Company accrued significant debt whilst trading and the contract was relinquished in in 2009
Early in 2010 the Company won a contract replacing gas pipe in the greater London area This provided a steady workflow throughout the year until its comptetion in December 2010 The Company then became a subcontractor of HS Water/Waverly Water on a contract for Thames Water This provided a significant influx of work requiring investment in both equipment and labour, taking staff numbers to 17
The Company's primary source of work throughout 2011 and 2012 was the sub contract with HS Water/Waverly Water At the beginning of 2011 HS Water/Waverly Water went into administration owing the Company circa £1 4 million, of which the majority was uncollectable
Administrators' statement of proposals (2012-11-12) · Companies House register