Business Engagement Limited (05488174): administration
- Status
- Administration ended
- Administration began
- 2017-04-19
- Administrators
- Sarah Helen Bell, Steven Muncaster
- Administrators' firm
- Kroll
- Incorporated
- 2005-06-22
- Location
- Manchester
- Industry
- 27900 Manufacture of other electrical equipment
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Brexit
From the administrators' statement
Statutory information on the Companies and a summary of their financial history is included at Appendix 1.
VEGL, VEL and VEHL specialised in the development, design and installation of energy management controls for commercial businesses. BEL is a dormant company.
The Companes have historically traded profitably and became the UK’s leading energy technology controls expert. In 2011, the incumbent management team purchased the shares with a view to continuing growing the business. Following this purchase, the business continued to grow and posted profits of £262,000 in the year ending 2014.
Administrators' statement of proposals (2017-06-23) · Companies House register