# IB Electrical Services Limited (05504081)

> Why UK company 05504081 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05504081

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05504081/filing-history/MzA1NzU4OTQ2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05504081

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