AIR Environmental Services Ltd (04410452): administration
- Status
- Administration ended
- Administration began
- 2011-07-11
- Administrators
- Simon Campbell, Julie Anne Palmer
- Administrators' firm
- Begbies Traynor
- Formerly
- AIR Enviromental Services Ltd; ARC Environmental Services Ltd; Wolfair Maintenance Ltd
- Incorporated
- 2002-04-05
- Location
- Portsmouth
- Industry
- 7487
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The company installed and maintained air conditioning, heating and ventilation systems It has traded as Air Environmental Services Limited since 19 Apni 2004, pnor to this date the company traded as Arc Environmental Services Limited and Wolfair Maintenance Limited
The Company found ttself in difficulty due to the economic downturn which led to contracts being postponed or cancelled altogether Maintenance work declined and the company suffered a sharp decline in turnover
The Company applied for an Enterpnse Finance Guarantee loan of £60k, which eased the situation for a while but HMRC debt was accumulating A payment plan was agreed wih HMRC but this was not sustainable
Administrators' statement of proposals (2011-08-25) · Companies House register