Emtrade Civil Engineering Limited (05116762): administration
- Status
- Administration ended
- Administration began
- 2017-02-02
- Administrators' firm
- BWC Business Solutions
- Formerly
- Emtrade International Limited
- Incorporated
- 2004-04-30
- Location
- Leeds
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company initially commenced trading as Emtrade Intemational Limited in April 2004. The Company's objectives were to buy and sell heavy earth-moving equipment worldwide. The business successfully expanded its operations ultimately investing in fully equipped, modem refurbishment facilities in Scunthorpe. The directors at this time were Michael and Elizabeth Taylor.
Following the economic downtum in 2008, the Company sought new business opportunities and targeted sectors that the directors considered would have a consistent demand. The Company's capabilities were recognised by Tata Steel, one of the country's main suppliers of anti-terrorist barriers ("HVM’) and the Company became the sole installer for their products worldwide. Clients included: London Stansted Airpor/BAA, American Embassy London, G20 Summit.
The 2012 London Olympic Games were pivotal to the Company's strategic progression. The Company won a contract to install hostile vehicle mitigation (HVM) infrastructure across the Olympic Sites.
Administrators' statement of proposals (2017-04-06) · Companies House register