# ITE Projects Limited (05098806)

> Why UK company 05098806 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05098806

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05098806/filing-history/MzE5NjYxODc5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05098806

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.