ITE Projects Limited (05098806): administration
- Status
- Administration ended
- Administration began
- 2017-12-07
- Administrators
- Nicola Elaine Layland, Carl Derek Faulds
- Administrators' firm
- Proudley Associates
- Incorporated
- 2004-04-08
- Location
- Whiteley, Fareham
- Industry
- 43210 Electrical installation
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The company was incorporated on 8" April 2004. The sole director and shareholder throughout has been Richard Fox.
The company traded from leasehold premises at Unit 3 Fleet Business Park, Sandy Lane, Church Crookham, Fleet, Hampshire. The company was set up to design, build and maintain data centres, including the installation work for the electrical and air conditioning systems.
Funding for the business was provided by an overdraft and joan facility provided by Barclays Bank Pic which was secured by a debenture conferring fixed and floating charges over the assets of the company. The debenture was created on 1“ June 2004 and registered at Companies House on 8" June 2004.
Administrators' statement of proposals (2018-01-31) · Companies House register