Utility Services (N.E.) Limited (05663798): administration
- Status
- Administration ended
- Administration began
- 2024-08-02
- Administrators' firm
- FRP Advisory
- Incorporated
- 2005-12-29
- Location
- Stockton-on-Tees
- Industry
- 42990 Construction of other civil engineering projects n.e.c.
Why it went into administration
- COVID-19
- Sustained trading losses
- Loss of a key customer, supplier or contract
- Brexit
From the administrators' statement
The Company was incorporated on 29 December 2005. The Company was incorporated to provide services to the telecoms, utility, construction and energy sectors. The Company provided services ranging from survey and planning to full project management and implementation. A large proportion of the Company’s revenue was generated by acting as a Tier 2 provider to one of the UK’s largest telecoms providers.
The Company commenced trading from premises situated in the North East of England and subsequently grew over the years to trade from other sites throughout the United Kingdom. At the point of Administration, the Company (in addition to the North East of England site) also had sites in Wales and Somerset having previously also had depots in Scotland and Yorkshire.
The Company largely traded profitability from incorporation onwards with the exception of the Company entering into a CVA in March 2008 which it successfully exited in January 2012. The Company’s directorship and shareholding position has changed on many occasions since incorporation. The final ownership change was in December 2020 when the Company’s share capital was acquired by Map Group (UK) Ltd CMGUK’). The financial statements for the period ended 31 July 2020 demonstrated turnover of c£16.8million along with a profit for the year of £519k. MGUK considered that the Company’s activities would be a good addition to its existing
Administrators' statement of proposals (2024-09-24) · Companies House register