J V A Electrical Ltd (04706343): administration
- Status
- Administration ended
- Administration began
- 2019-04-25
- Administrators
- Gary Paul Shankland, Irvin Milton Cohen
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2003-03-21
- Location
- London
- Industry
- 43210 Electrical installation
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 21 March 2003 by the founding director and shareholder, JA, in order to continue the business of electrical installation and repair works that he had originally started as a sole trader in 1998. The Company traded under the name JVA Electrical & Property Services from the premises at 2 The Barn, Lomer Farm, Wrotham Road, Meopham, DA13 OAN.
CA, son of the founding director, joined as a director of the Company on 22 November 2013.
The Company specialised in providing electrical installation and repair works ranging from domestic households to larger industrial clients. These services were provided to clients throughout the South East of England, including the surrounding area of Kent as weil as London, Essex, Surrey and Sussex. In the years since its formation, the directors believe the Company gained a reputation for providing an excellent service to both public and private clientele. The Company had been able to expand significantly its range of services and its client base, with annual turnover growing to in excess of £2m as of the start of 2017. The Company is solely owned by the founding director, JA. Operations were initially funded by JA and his wife (who was not involved in the day-to-day operations of the Company), which in time led to a significant credit balance on the directors’ loan accounts. These loans were then refinanced via two further loans provided by Barclays Bank PLC (“Barclays”) and Nucleus Funding Limited respectively, which were both subject to personal guarantees and secured on JA’s personal residential property.
Administrators' statement of proposals (2019-06-21) · Companies House register