Premier Facilities Maintenance Limited (05631007): administration
- Status
- Administration ended
- Administration began
- 2020-10-01
- Administrators
- Andrew J Cordon, James Oliver Everist
- Administrators' firm
- CFS Restructuring
- Formerly
- Premier M & E Maintenance Limited
- Incorporated
- 2005-11-21
- Location
- Nottingham
- Industry
- 33190 Repair of other equipment
Why it went into administration
- COVID-19
- Loss of a key customer, supplier or contract
From the administrators' statement
In 2019 the major NHS trust client retendered the maintenance services with SME’s excluded from the tender process and therefore the Company was unable to take part in the tender process. The contract was awarded elsewhere and the Company’s involvement on the contract ceased on 31% March 2020. The client made up approximately 40% of the Company’s turnover.
On the 23 March 2020, a lockdown period was announced by the Government due to the Covid-19 pandemic. In timing with the loss of the Company’s major client, this led to a serious effect on the Company’s ability to operate. The Government's policies to assist Companies throughout the pandemic have provided the Company
with the much-needed support during this time. However, notwithstanding the eGovernment support that was provided, the Company lost further clients du to formal insolvency procedures and therefore, it became obvious, that once the Governments support processes were curtailed, the business as it was, was no longer viable.
Administrators' statement of proposals (2020-12-23) · Companies House register