D2 Electrical Limited (07030558): administration
- Status
- Administration ended
- Administration began
- 2023-10-05
- Administrators
- Kalani Gunawardana, Nicholas Parsk
- Administrators' firm
- Quantuma
- Incorporated
- 2009-09-25
- Location
- Slough
- Industry
- 96090 Other service activities n.e.c.
From the administrators' statement
3.1 It was clear from the cashflow projections that the Company was going to run out of money to trade in the coming weeks.
3.2 The Company had an Accounts Receivable ledger which totalled in the region of £200,000 but had liabilities of over £450,000. The remaining director did not want to continue with the business as a result of the split with the other business owners.
3.3 Asa result, it was considered that the best outcome for creditors would be if a buyer could be found to purchase the business and assets as a going concern.
Administrators' statement of proposals (2023-12-05) · Companies House register