CTS Group (E&I) Limited (05792268): administration
- Status
- Administration ended
- Administration began
- 2013-05-16
- Administrators
- John Malcolm Titley, Julien Robert Irving, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Formerly
- Yaleside Ltd
- Incorporated
- 2006-04-24
- Location
- Manchester
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Over-expansion / investment not recovered
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated on 24 April 2006 under the name of Yaleside Ltd, changing Its name to CTS Group (E&l) Limited on 26 May 2006, and was a subsidiary of CTS Group (Holdings) UK Limited
Services that were provided by the Company were segregated between two specific divisions, namely CTS Installations and CTS Energy Services
CTS Installations offered design, installation, surveying and support services for all aspects of Electrical, Instrumentation and Building Services Engineenng CTS Energy Services provided smart metenng solutions, which were offered to customers in one of three packages, namely Secondary Metenng which Is suitable for tenant billing, Primary Metering and Flow Metering
Administrators' statement of proposals (2013-07-12) · Companies House register