Solartech Limited (04696629): administration
- Status
- Administration ended
- Administration began
- 2016-07-08
- Administrators
- Neil A Bennett, Alex David Cadwallader
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-03-13
- Location
- London
- Industry
- 43290 Other construction installation
Why it went into administration
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Property / lease costs
- Credit insurance / supplier credit withdrawn
- Competition / price pressure
- Weather / natural events
From the administrators' statement
31 The Company was formed by Shaun Taylor tn March 2003, and his wife, Sally Taylor, joined the Company in 2005 Laurence Vaughan and Peter Main joined the Company in August 2008 following an equity investment made by Opus Ventures Synergy Limited who they were both representing on the board of directors
32 The Company's registered office and pnncipal trading address was Unit 2 Sterling Business Park, Top Angel Road, Buckingham MK18 1TH The premises were occupied under a 10 year lease dated 16 Apnil 2010 at an annual rent of £25,000
33 The Company's main activity was the installation and supply of solar PV panels and other renewable energy sources to a client base of both residential home owners and commerctal property developers The Company had 16 staff, 8 were made redundant on 7 July 2016
Administrators' statement of proposals (2016-08-11) · Companies House register