Greenurban Technologies Limited (05153228): administration
- Status
- Administration ended
- Administration began
- 2018-12-28
- Administrators
- Kerry Bailey, Ryan Kevin Grant
- Administrators' firm
- BDO
- Incorporated
- 2004-06-14
- Location
- Liverpool
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 14 June 2004 and had the fallowing three key income streams:
• Manufacture of emission control systems for ‘On-Road’ exhausts (mainly busses and HGV’s), which is regulated by a Government body, the Energy Saving Trust (‘EST’) and ‘Off-Road’ exhausts (such as construction site excavators). This is also regulated by EST;
• Manufacture of emission control systems for Short Term Operator Reserves (‘STORS’) (i.e. this relates to diesel fields located across the UK which help to support the National Grid (this is not regulated); plus
Administrators' statement of proposals (2019-03-04) · Companies House register