# Sandsfield Heat & Power Limited (06680941)

> Why UK company 06680941 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06680941

- **Status:** Administration ended
- **Administration began:** 2012-06-25
- **Administrators:** Brian Green, Paul Andrew Flint
- **Administrators' firm:** KPMG
- **Incorporated:** 2008-08-26
- **Location:** Manchester
- **Industry:** 4011

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated in 2008 to run a biomass power plant. Funding for the purchase of the Plant and subsequent capex was provided by the Bank who hold a QFC over the Plant Additional unsecured investment funding was also provided by the Company’s shareholder, Ventus 2 VCT plc

The Plant was installed in the Company’s leasehold premises at Bransdesburton, East Riding of Yorkshire and commenced trading mn 2010 Since commencement of trade the Plant has experienced technical issues resulting 1n restricted output and further investment funding being required ‘

In September 2011 the Company who designed the Plant entered liquidation and the Company’s management took the decision to switch the Plant off while a review of the technical issues the Plant was experiencing was completed

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06680941/filing-history/MzA2MjY1NjM2M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06680941

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