AVC Energy Limited (04813017): administration
- Status
- Administration ended
- Administration began
- 2012-07-25
- Administrators' firm
- FRP Advisory
- Formerly
- Integrated Technical Systems Limited
- Incorporated
- 2003-06-27
- Location
- St Albans
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 27 June 2003, under the name Integrated Technical Systems Limited, and commenced trading on/around 2 July 2003.
The primary business of the Company was in the Domestic Solar PV Industry. It provided services to companies that had equity and loan capital available to fund the installations on domestic roofs. The clent would find the customers and AVCEL would carry out the survey and if successful arrange for the installation by its work force. It also purchased the equipment necessary to include the solar panels, invertors, meters and consumables. The Company’s major clients were Ecovision, Freetricity, Homesum and Enfinity.
The directors were responsible for the day to day running of the Company, Neil Dickinson was Chief Operating Officer, Philip Latala the Financial Director and Ashley Guise the Business Development Director,
Administrators' statement of proposals (2012-09-20) · Companies House register