# Premier Electrical Company (Cambs) Ltd. (06178312)

> Why UK company 06178312 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06178312

- **Status:** Administration ended
- **Administration began:** 2013-06-14
- **Incorporated:** 2007-03-22
- **Location:** Sheffield
- **Industry:** 33140 Repair of electrical equipment

## Why it went into administration

- Creditor pressure / legal action
- Parent or group failure
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 22 March 2007 and began trading shortly thereafter as commercial and domestic electrical contractors It operated from leased premises in Papworth Everard, Cambridgeshire

The Company was reasonably successful from incorporation and traded profitably for a number of years However, the construction in ustry 1S CUTENIy “EXParTeNcinig” a” downturn asa result ots the global economic climate, making market conditions extremely tough This has resulted tn the

requirement fo keep profit margins at very low levels in order to remain competitive The Company’s accounts for the year ended 31 March 2012 show net profit of just £150

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06178312/filing-history/MzA4MzI3MTc5OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06178312

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