Kinetics Holdings Limited (05929594): administration
- Status
- Administration ended
- Administration began
- 2011-08-11
- Administrators' firm
- Begbies Traynor
- Formerly
- Broomco (4036) Limited
- Incorporated
- 2006-09-08
- Location
- Manchester
- Industry
- 7415
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Zolfo Cooper were appointed Administrators and Fixed Charge Receivers in June 2011 to a number of companies within the Kinetics Group of Compames which specialised in the provision and delivery of design, installation, maintenance and repair of mechanical, gas and electncal installations of both a commercial and domestic nature A Group Structure ts attached at Appendix 5 of this report for reference
The Company owned the shares of Kinetics Group Ltd which was one of the Companies over which Zolfo Cooper were appointed Administrators As a result of these insolvency proceedings there is no prospect of a return to the Company and the shares have no realisable value
The assets of Kinetics Group Ltd were sold to SCP Renewable Energy Ltd, a company incorporated on 7 June 2011 and used as a vehicle to acquire the following from the Kinetics Group companies being dealt with by Zolfo Cooper -
Administrators' statement of proposals (2011-10-11) · Companies House register