Best Electrical Service Team Limited (05572347): administration
- Status
- Administration ended
- Administration began
- 2014-04-25
- Administrators
- Alexander Kinninmonth, Christopher Cooke
- Administrators' firm
- FRP Advisory
- Formerly
- Winter Hill Fifty Limited
- Incorporated
- 2005-09-23
- Location
- Eastleigh
- Industry
- 43210 Electrical installation
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in September 2005 and commenced trading in April 2006 from premises at Unit 9, The 1O Centre, Whittle Way, Stevenage, Hertfordshire SG1 2BD providing a specialised reactive and planned maintenance service to retail and commercial clients
The Company built up a strong client base quickly which enabled it to expand its services, moving into general electrical works for new build and renovations, building renovation work for the Ministry of Defence, overseas renovations and renewals and the supply and fit of LED eco lighting
The Company first experienced problems tn 2008 following the administration of Woolworths plc (“Woolworths”) Woolworths was one of the Company's largest clients, accounting for approximately 20% of the Company's turnover As a result of the administration the monies owed from Woolworths (£70,000) were written off as a bad debt The subsequent loss tn turnover meant that the Company was forced to make a number of redundancies to reduce its overheads The Company also fell into arrears with HM Revenue & Customs (“HMRC”) and entered into a formal arrangement to settle the debt which was successful
Administrators' statement of proposals (2014-07-17) · Companies House register