From the administrators' statement

We are advised that the company was established tn 2007, to carry on the principal activity of the provision of engineering services for the industrial waste water treatment and water recycling markets

For the last 16 months of its business, the Company’s main customer was Unilever pic and although turnover expanded, the business was not profitable The Company's plan was to secure a market share with Unilever in anticipation of them committing to large scale projects, whilst developing similar models with other customers Regrettably, the larger commitment did not come to fruition

The company had been predominantly reliant upon funding from Reservoir Holdings who had invested in the region of £7m into the holding company (Aqueduct Group plc), which in turn has lent it to the subject Company

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Aqueduct PLC (06278663)

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