Source One Environmental Limited (06160389): administration
- Status
- Administration ended
- Administration began
- 2020-12-21
- Administrators' firm
- BDO
- Formerly
- Fernco Environmental Limited
- Incorporated
- 2007-03-14
- Location
- Liverpool
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company operates as a national supplier of specialist innovative trenchless technologies to the sewer & drainage repair market from leasehold premises in Barnsley with 15 employees.
The Company is 100% owned by Flex-Seal Couplings Limited (Flex-Seal), which is owned by Fernco Inc based in the US (collectively the ‘Group’).
The Company is defending a legal claim (relating to an alleged historical patent breach associated with products no longer sold by the Company) which is being progressed through the US judicial system.
Administrators' statement of proposals (2021-01-04) · Companies House register