# Kinetics Holdings Limited (05929594)

> Why UK company 05929594 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05929594

- **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 -

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05929594/filing-history/MzA0NTMwNzM4M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05929594

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.