JDL Subcontracting Ltd (06373358): administration
- Status
- Administration ended
- Administration began
- 2024-03-13
- Administrators
- Lee Van Lockwood, Gareth Harris
- Administrators' firm
- RSM
- Formerly
- JDL Electrical, Plumbing and Heating Ltd; JDL Electrical Systems Ltd
- Incorporated
- 2007-09-17
- Location
- Leeds
- Industry
- 43210 Electrical installation
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below:
Period ending 4 months to 31 Period ending 30 Period ending 30
January 2024 September 2022 September 2021 Turnover 1,639 4,182 2,966 Gross profit 539 671 134 Net profit / loss (30) 253 (268) Dividend paid - - (66) Profit and loss reserves (28) (77) (330)
Administrators' statement of proposals (2024-05-11) · Companies House register