Metertec Limited (06142480): administration
- Status
- Administration ended
- Administration began
- 2011-08-10
- Incorporated
- 2007-03-07
- Location
- St Albans
- Industry
- 4534
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company commenced trading in 2007 from rented premises, at E2 & B35, Basepoint Innovation Centre and Business Base, 100 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL The Company specialised in the installation and removal of electricity meters More recently the Company has relied upon contracts from two cents, IMServ Europe Ltd (‘IMServ’) and Western Power Distribution PLC (“WPD"), to remove and install meters at sites across the United Kingdom for a number of energy companies
The rent for the units totalled £3,300 per month and the rent had been paid for the period to the end of July 2011 A one month rent deposit was offset against the rent due for August
The Company employed eight full time members of staff including the three directors The Company retained and managed approximately 140 seif employed engineers to undertake the removal and installation of meters on site A 5% retention was withheld from the engineers’ payments to cover the costs of rectifying any problem/faults with the installation
Administrators' statement of proposals (2011-10-10) · Companies House register