# Xpress Electrical & Lighting Supplies Limited (05401024)

> Why UK company 05401024 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05401024

- **Status:** Administration ended
- **Administration began:** 2012-09-12
- **Administrators:** Glyn Mummery, Jeremy Stuart French
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2005-03-22
- **Location:** Brentwood
- **Industry:** 46740 Wholesale of hardware, plumbing and heating equipment and supplies

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Credit insurance / supplier credit withdrawn
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 22 March 2005 and operated as a wholesaler of electrical matertals to commercial and industrial electrical contractors based in the South East. It traded from rented premises in Rainham, Essex and employed 8 staff, including one of the four directors, Martin Hawkins.

In 2008/2009 sales had reached £3.6m, however, tn 2009/2010, the effects of the economic recession took its toll on the Company’s cash flow, causing XELS to suffer a number of significant bad debts, including a bad debt for £130k due by its largest customer.

FRP Advisory LLP Is incorporated in England and Wales under the Limited Labtity Partnerships Act 2000 as a Limited Liability Partnership eames Number OC355680 Registered office 10 Fumival Steet London EC4A IYH A list of members names Is open to inspection at this address www fi

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05401024/filing-history/MzA2Njk2MzIwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05401024

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