Ambivent Limited (05133667): administration
- Status
- Administration ended
- Administration began
- 2023-05-18
- Administrators
- Martin Richard Buttriss, Carolynn Jean Best
- Administrators' firm
- Begbies Traynor
- Formerly
- Ambivent Developments Limited; SPH 271 Limited
- Incorporated
- 2004-05-20
- Location
- Leicester
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
From the administrators' statement
The following background information is provided te assist creditors who may have limited knowledge of Ambivent Limited (“Ambivent’ or “the Company”) and its affairs to better understand the reasons for the prepackaged sale.
Ambivent was incorporated in May 2004 and isa subsidiary of Ambivent Group Limited. There are six Directors with Stephen Dudson being the Managing Director. There are four entities in the Group being Ambivent Group Limited (‘Holding Company”), Ambivent, Ambivent Facilities Management Limited CAFM") and Ambivent Special Projects Limited (‘ASP’).
Ambivent was one of the leading companies in the mechanical and electrical building services sector, providing design, installation, and maintenance services for builders and developers.
Administrators' statement of proposals (2023-06-01) · Companies House register