# AAC Mechanical & Electrical Limited (04650515)

> Why UK company 04650515 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04650515

- **Status:** Administration ended
- **Administration began:** 2016-09-08
- **Formerly:** The Lighthouse (Electrical Engineers) Limited
- **Incorporated:** 2003-01-28
- **Location:** London
- **Industry:** 43210 Electrical installation

## Why it went into administration

- Sustained trading losses
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency

## From the administrators' statement

The business initially began trading as an Electrical Contractors in 1986 as a sole trader, under the name TAS Electrical (started by Terry Smsth ~ an experienced electrical contractor) and then as a partnership (Terry & Michelle Smith) The business was subsequently incorporated into a limited company on 28 January 2003 and re-named The Lighthouse (Electrical Engineers) Ltd

On 1 August 2011, the Company merged with three preferred sub-contract partners to form AAC Mechanical & Electrical Limited, and offered a complete mechanical and electrical ‘turnkey service under one roof The partners were all established and experienced companies with expertise in the fields of Air Conditioning and Ventilation (started by Gary Withers), Plumbing and Heating (started by Gary Withers and Nick Nation (who subsequently resigned on 21 December 2012)), Fire and Security (started by Terry Smith and Les Millard (who subsequently resigned on 31 July 2015)) together with all aspects of mechanical & electrical service and maintenance

Following the merger, the Company was funded by the cash balances held in all of the merged companies, together with a small bank overdraft of £20k Subsequently, in August 2015 a loan of £150k was secured from Olka Breeze (UK) Ltd (“‘Olka Breeze”), in order to provide additional cash flow Olka Breeze secured the funds via NatWest who, in turn, sought a debenture from the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04650515/filing-history/MzE2MTU5MzY2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04650515

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.