Lloyds British Testing Limited (04444099): administration
- Status
- Administration ended
- Administration began
- 2016-11-24
- Administrators' firm
- PwC
- Formerly
- Lloyds British Testing PLC; Ypcs 123 PLC
- Incorporated
- 2002-05-21
- Location
- Leeds
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company operated a specialist business, carrying out the inspection, testing and repaur of lifting equipment. Its business model was based on offering a full-circle suite of services to 1ts cents, encompassing design and manufacture, delivery and installation, client training, inspection and service and maintenance and repair.
It employed approximately 200 employees, including 120 skilled engineers who were based at the Company’s 11 branches across the UK, and who performed the Company’s testing and inspection services Its headquarters were in Sutton Coldfield, West Midlands
Due to the nghly skilied nature of the mmspection and testing of lifting equpment, the Company held in excess of twenty industry accreditations It enjoyed a diversified customer base, including many blue chip chents, and developed proprietary software which enabled its engineers to complete their inspection and testing work across the country and upload their results into an online portal for chents’ immediate use
Administrators' statement of proposals (2017-01-31) · Companies House register