Hayward Electrical & Mechanical Services Limited (04090312): administration
- Status
- Administration ended
- Administration began
- 2014-06-18
- Administrators
- Howard Smith, Richard James Philpott
- Administrators' firm
- KPMG
- Formerly
- Hayward Electrical Services Limited
- Incorporated
- 2000-10-16
- Location
- Birmingham
- Industry
- 43210 Electrical installation
Why it went into administration
- Bad debts / customer insolvency
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
The Company operated from leasehold premises in Tants Meadow, Derbyshire and was a building service contractor offering a wide range of electrical and mechanical services The Company began trading when it was incorporated in 2000 There were 21 employees on appointment, all of whom were made redundant immediately after our appointment as Administrators
2.2 Funding and financial position of the Company
National Westminster Bank {the ‘Bank’) is the first ranking secured creditor with a fixed and floating charge over the Company's assets
Administrators' statement of proposals (2014-08-05) · Companies House register