IB Electrical Services Limited (05504081): administration
- Status
- Administration ended
- Administration began
- 2012-03-26
- Incorporated
- 2005-07-09
- Location
- Fareham
- Industry
- 4531
Why it went into administration
- HMRC / tax arrears
- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
From the administrators' statement
The company carried out business as electrical sub-contactors working on maintenance and building contracts, trading from leasehold premises in Stratfield Park, Waterlooville, Hampshire The company commenced to trade in July 2005 and until recently employed twelve employees The company’s main customer was Connaught Plc until it entered administration in September 2010 The company’s main customers subsequently have been Lovells and Mountjoy which took over much of the Connaught work locally
The sole director ts lan Bridle and the one ordinary share ts held jointly by Mr Bridle and his fiancée, Karen Ayling The company was funded by the director on an adhoc basis as and when funds were required
The company has traded profitably until 2010 and a summary of the recent accounts !s shown below
Administrators' statement of proposals (2012-05-16) · Companies House register