Heat Group (UK) Limited (06265352): administration
- Status
- Administration ended
- Administration began
- 2020-05-15
- Administrators
- Andrew Hook
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2007-06-01
- Location
- Salisbury
- Industry
- 46740 Wholesale of hardware, plumbing and heating equipment and supplies
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 01 June 2007. and it initially traded as a holding company for individual boiler spares merchants, trading across East Anglia in Norwich, Ipswich, Cambridge, Colchester and Peterborough. These subsidiaries were: .
Cambridge Heating Components Limited; Colchester Heating Components Limited; Ipswich Heating Components Limited; Norwich Heating Components Limited; and Peterborough Heating Components Limited.
The Company employed two members of staff and operated from a small industrial unitin Peterborough which it subsequently purchased in February 2008. .
Administrators' statement of proposals (2020-07-29) · Companies House register