J.A.B Electrical Limited (05254681): administration
- Status
- Administration ended
- Administration began
- 2011-05-13
- Administrators' firm
- Mazars
- Incorporated
- 2004-10-08
- Location
- Nottingham
- Industry
- 4531
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 8 October 2004 and was formed for the primary purpose of electrical contracting
The Company’s turnover increased when it secured a contract with Mears Group ple (“Mears”) in November 2009 In late January 2011 however, 1t became apparent that this contract was significantly less profitable than initially thought The position with Mears became worse when Mears insisted on receiving unrealistic credits before 1t would release monies to the Company To date, Mears owes the Company approximately £21,000 to £28,000
The Company was also contracted to carry out work for The Crane Building Company Limited (“Crane”) Crane delayed payment of £17,000 to the Company before entering into creditors’ voluntary liquidation on 8 March 2011
Administrators' statement of proposals (2011-07-13) · Companies House register