Data Cooling Limited (06278627): administration
- Status
- Administration ended
- Administration began
- 2016-07-12
- Administrators
- Jeremy Charles Frost, Stephen Patrick Jens Wadsted
- Administrators' firm
- Frost Business Recovery
- Formerly
- Compact Mechanical Limited
- Incorporated
- 2007-06-13
- Location
- Croydon
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Brexit
From the administrators' statement
The history | have received from the Company Director is shown below Please note that the history has not been amended in any way by the Joint Administrators
In January 2012 the Company won a £14 2million contract to install cooling In a data centre in London At the yearend 2012 the Company had a £100k profit However this project overran until June 2013 due to slow progress of the main contractor leaving the Company with a £80k claim against the main contractor The main contractor got into difficulties in early 2014 and went bust before our claim was paid
Into 2013 the Company started a project in Slough on a library and incurred contractor problems with the main contractor with a loss of £70k resulting at the end of year 2013 With the support of our suppliers and sub contract labour we decided to trade our way out of our difficulties Lyne Boyer left her full ttme job in our office and | loaned the Company £20k to keep us trading as we had a full order book
Administrators' statement of proposals (2016-09-05) · Companies House register