D & E Filtration Services Ltd (07026028): administration
- Status
- Administration ended
- Administration began
- 2013-11-13
- Administrators' firm
- BM Advisory
- Incorporated
- 2009-09-22
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 22 September 2009 and serviced and repaired air conditioning units It traded from leasehold premises at Unit 1 Heddings Farm, 102 The Lane, Wyboston, Bedford, Bedfordshire MK44 3AS. The sole director was Edward Hammond and the shareholder is Standard Air Filtration Services Ltd, holding 50 ordinary A shares and 50 ordinary B shares The Company’s two major customers were large retail groups with stores/retail outlets nationwide.
Prior to the appointment of Administrators, following a period of severe cash flow pressure, the director determined the Company was insolvent and had sought professional advice to cease trading and put the Company into Liquidation The director advised that by 8 November 2013 trading had ceased and all stock had been depleted, all the staff had transferred to another company and the leasehold premises had been returned Restructuring and insolvency services are provided through BM Advisory LLP and our partners are licensed in the United Kingdom to act as insolvency practitioners by the Association of Chartered Certified Accountants Partners and staff acting as administrators and administrative receivers act as agents of the company over which they are appointed and contract without persona! liability BM Advisory LLP 1s a limited lability partnership registered in England and Wales (number OC 360944) Registered office 82 St john Street, London EC1M 4JN, England
to the landlord. The majority of the Company‘s assets were subject to finance agreements and the equipment had been returned to the finance companies. At this time, the director determined the only remaining assets of the Company was any surplus in the debtors ledger, after the secured creditor had been paid in full and some nominal items of office furniture.
Administrators' statement of proposals (2014-01-08) · Companies House register