Ssecorp Limited (06353057): administration
- Status
- Administration ended
- Administration began
- 2013-05-17
- Administrators
- Glyn Mummery, Jeremy Stuart French
- Administrators' firm
- FRP Advisory
- Formerly
- Process Instrument Sales Ltd; Labom UK Ltd; Labom Lion UK Limited
- Incorporated
- 2007-08-28
- Location
- Brentwood
- Industry
- 71129 Other engineering activities
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
2.1 The Company was incorporated on 28 August 2007 as a supplier and distributor of controls and instruments based in Suffolk, supplying approximately 200 clients in a limited area of East Anglia. It traded from rented premises in Lavenham, Suffolk, and employed an internal sales manager and various subcontractors on an ad hoc basis to carry out site services.
22 SL was started following advice that the leader in the field instrumentation market were offering a distribution agreement for the East Anglian & East Midlands territories, which SL managed to obtain.
2.3 The business traded successfully representing both UK and overseas instrument manufacturers for Stemens and other larger companies, with typical contracts supplying valve positioners, mounting hardware to power stations and-an option to commission the instrument once it had been installed.
Administrators' statement of proposals (2013-07-08) · Companies House register