# Aqueduct PLC (06278663)

> Why UK company 06278663 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06278663

- **Status:** Administration ended
- **Administration began:** 2012-05-10
- **Incorporated:** 2007-06-13
- **Location:** Chatham Maritime
- **Industry:** 4524

## Why it went into administration

- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Over-expansion / investment not recovered

## 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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06278663/filing-history/MzA2MDM3OTk3MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06278663

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