Abacus Wood Bridgend Limited (05918765): administration
- Status
- Administration ended
- Administration began
- 2013-05-24
- Administrators' firm
- Begbies Traynor
- Formerly
- Land Energy Bridgend Limited; Land Energy Ltd
- Incorporated
- 2006-08-30
- Location
- London
- Industry
- 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
APPOINTMENT
The Company was Incorporated in August 2006 by Land Energy Group to develop biomass projects, its principal activity being the production of wood pellets from recycled wood The Company manufactured biomass pellets from Grade A recycled wood, at a plant located in Bridgend, South Wales The majority of
3the pellets produced were sold to the animal bedding market, and a smaller proportion sold as fuel pellets The product was undergoing EN-B fuel accreditation as part of a targeted move towards the higher value energy fuel market and has already successfully achieved end of waste certification for the pellets The Company operated from a leasehold site at Unit 32 Chicott Avenue, Bridgend, Cardiff, and employed 17 staff The site operated on a 24-hours basis
Administrators' statement of proposals (2013-07-23) · Companies House register