Silverline Mechanical & Electrical Services Limited (05061416): administration
- Status
- Administration ended
- Administration began
- 2014-01-22
- Formerly
- Silverline Mechanical Limited; Silverline Engineering Ltd
- Incorporated
- 2004-03-02
- Location
- Maidstone
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Over-expansion / investment not recovered
- Sustained trading losses
From the administrators' statement
oo Mance B x & Bxgrxcas Corpontte Recovery
Silverline Mechanical Limited (“SML”) was incorporated on 2 March 2004 and formed part of a group which consisted of Stlverline Electrical Limited (“SEL”) (formerly Martec Solutions Uumited), Silverline (Group) Limited (“SGL”), (formerly Silverline (Holdings) Limited) and Metropolitan Air Conditioning Limited (“MAC”)
In May 2012, as a result of securing work with chents in new sectors, it was agreed to merge SML and SEL to become the sole contracting arm of the group SML changed tts name to Silverline Mechanical & Electrical Services Limited (“SMES”) on 11 May 2012 SEL then remained dormant with a view to dissolving it once outstanding monies owed were collected SGL continued to trade as the holding company and MAC was dissolved.
Administrators' statement of proposals (2014-03-18) · Companies House register