Fusion Drainage 24/7 Limited (07055182): administration
- Status
- Administration ended
- Administration began
- 2018-10-16
- Administrators
- Adam Harris, Guy Robert Thomas Hollander
- Administrators' firm
- Mazars
- Formerly
- Fusion Welding 24/7 Limited
- Incorporated
- 2009-10-23
- Location
- London
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Management failings / irregularities
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Property / lease costs
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 23 October 2009 as Fusion Welding 24/7 Limited. The Company changed its name to Fusion Drainage 24/7 Limited on 30 March 2010. The sole director and shareholder is Steven Martin, the only consistent stakeholder involved from the
incorporation of the Company.
The Company traded from Waterhall Farm, Lower Hatfield Road, Hertford, Hertfordshire, SG13 8LE and specialised in the installation, repair and maintenance of plumbing and heating systems. The Company’s provided services to a number of hotels and commercial customers
Administrators' statement of proposals (2019-01-05) · Companies House register