Acaster Plumbing & Heating Limited (04225950): administration
- Status
- Administration ended
- Administration began
- 2011-08-08
- Administrators
- Matthew Richard Meadley Wild, Andrew Martin Sheridan
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 2001-05-31
- Location
- Bristol
- Industry
- 4533
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
Acaster Plumbing & Heating Limited (‘the Company’) was incorporated on 31 May 2001. Prior to the Company’s incorporation, the business had been run by Adrian Acaster as a sole trader, trading as Acaster Plumbing & Heating for circa 30 years The Company’s principal activity was the supply of plumbing and heating services for both the residential and commercial sectors.
The Company operated from freehold premises located at 36a Pennygillam Way, Pennygillam Industrial Estate, Launceston, Cornwall which were purchased in 2010 The Company had previously traded from leasehold | premises at Unit 1, Newport Industrial Estate, Launceston
During 2009, the Company under a licence agreement with Zenex Technologies Limited -started to produce and develop a gas saver product known as a Blade. Consequently in 2010, the Company was split into two divisions with Adrian Acaster running the Blades operation and Neil Cowan responsible for the plumbing and heating operation together with the financial management of the overall business.
Administrators' statement of proposals (2011-10-10) · Companies House register