Jessella Limited (05478152): administration
- Status
- In administration
- Administration began
- 2023-02-27
- Administrators
- Steven Phillip Ross, Allan David Kelly
- Administrators' firm
- FRP Advisory
- Formerly
- Jessela Limited; Drywall Solutions London Limited; Facings Limited
- Incorporated
- 2005-06-10
- Location
- Newcastle upon Tyne
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Rising costs / inflation
- Loss-making contracts / project overruns
- Supply chain disruption
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company provided tested and bespoke building envelope and cladding solutions to the UK market, offering specialist consultancy, design & chartered engineering together with flexible procurement and installation services.
The Company incorporated on 10 June 2005 and operated from leasehold premises at Park Mill, Burydell Lane, Park Street, St. Albans, AL2 2EZ.
The Company’s Directors are Boyan Dimitrov, John Hesler Jnr, Angelo Meola and Nikolas Vincent. John Hesler Jnr and Angelo Meola are the majority ultimate beneficial owners through their controlling interests in the parent company DSW Holdings Limited. The Company employed up to 46 people in 2022.
Administrators' statement of proposals (2023-04-08) · Companies House register