Star Services (Southern) Ltd (05721807): administration
- Status
- Administration ended
- Administration began
- 2019-07-01
- Administrators
- Andrew David Rosler, Thomas Bowes
- Administrators' firm
- Insolvency Practitioners of Ideal Corporate Solutions
- Incorporated
- 2006-02-24
- Location
- 171 Chorley New Road
- Industry
- 43210 Electrical installation
Why it went into administration
- Creditor pressure / legal action
- Loss-making contracts / project overruns
From the administrators' statement
The Directors of the Company approached Ideal Corporate Solutions Limited on 09 May 2019. During the initial discussions, the recent performance of the business was discussed. Following the Initial meeting, it became clear that creditor claims against the Company would be in excess of £1,500,000.00.
On 14 May 2019 a Winding Up Petition was presented by YESSS (A) Electrical Limited which led to the Company submitting an application for an Administration Order to Court. in doing so, it was anticipated that the value in the book debts and retentions would be preserved for the benefit of its creditors.
In advance of the Company submitting its Administration Application to Court Ideal Corporate Solutions Limited was engaged by the Company to:
Administrators' statement of proposals (2019-09-06) · Companies House register