Safe Solar Ltd (05238731): administration
- Status
- Administration ended
- Administration began
- 2013-03-14
- Administrators' firm
- Refresh Recovery
- Formerly
- KBBC Bathrooms Ltd
- Incorporated
- 2004-09-22
- Location
- Skelmersdale
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Director has not provided a Company history and therefore information contained below has been produced from the information available to the Administrator
The Company was incorporated on 22 September 2004 but did not commence trading until 23 May 2011 from leasehold premises based at 22 Fairways, New River Trading Estate, Broxbourne, Hertfordshire, EN8 ONL The Company was set up with the purpose specialising in the marketing, sales and installation of solar py systems Mr Christopher Jay was appointed Director at this time and invested their personal funds to finance the Company's initial set up costs Mr George Joannou was subsequently appointed as Director and in September 2012 the business was sold to Mr George Joannou and Mr Jay resigned as Director
The Company placed job adverts in local newspapers and employed initially two members of staff which increased with the demands of the business to fifty A customer base was established by buying sales leads from generation ‘companies who had telephoned potential customers to generate appointments for sales representatives This approach initially proved successful with the first year accounts, for the year ended 31 March 2012, showing that the Company had returned a profit of £7,872 ‘
Administrators' statement of proposals (2013-05-10) · Companies House register