# Hydrodec Group PLC (05188355)

> Why UK company 05188355 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05188355

- **Status:** Administration ended
- **Administration began:** 2021-07-20
- **Administrators:** Philip Reynolds, Anthony John Wright
- **Administrators' firm:** FRP Advisory
- **Formerly:** Vert-Eco Group PLC
- **Incorporated:** 2004-07-23
- **Location:** London
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Parent or group failure

## From the administrators' statement

The Company was incorporated on 23 July 2004 as Vert-Eco Group Plc and subsequently changed its name to Hydrodec Group Plc on 20 December 2004.

The Company operated as the UK-based head office of a clean-tech industrial oil rerefining group, the Group, with global operations in the US and Australia. The Group

applied proprietary technology to re-refine used and contaminated waste oil to ' produce high quality industrial oils for re-use for original purpose, whilst generating carbon offsets.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05188355/filing-history/MzMxMzkxMTEyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05188355

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