Elements (Europe) Limited (05586163): administration
- Status
- In administration
- Administration began
- 2025-06-04
- Administrators
- Stephen John Absolom, Samuel Birchall
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2005-10-07
- Location
- London
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Elements (Europe) Limited (in Administration) was incorporated in 2005 and traded from a manufacturing facility located in Telford. The Company specialised in off-site volumetric design and manufacturing of room modules and bathroom pods for use in residential developments, student accommodation, and hotels across the UK.
GS own 75% of the equity in the Company and Sarkate own the remaining 25%.
During FY23 and FY24, the Company suffered from substantial project cost overruns and quality defects (notably water ingress). Losses for FY23 and FY24 were £16.5 million and £41.2 million, respectively, with a further estimated £22.9 million loss in the four-months to 30 April 2025. Elements remained cashflow solvent due to significant unsecured loans being provided by the majority shareholder (see 2.2 Funding and financial position of the Company section).
Administrators' statement of proposals (2025-07-09) · Companies House register