The Electrical Network (Scarborough) Limited (07069722): administration
- Status
- In administration
- Administration began
- 2026-04-07
- Administrators
- Emma Mifsud, Mark Nicholas Ranson
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2009-11-08
- Location
- Milton Keynes
- Industry
- 46520 Wholesale of electronic and telecommunications equipment and parts
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Due to the reasons listed in section 2 of this report, the Company was unable to pay its debts as and when they fell due and as a result and the director, following initial consultation with Opus Restructuring LLP, determined that the Company needed to enter an insolvency process.
It was decided that an accelerated marketing exercise would be undertaken to gauge the markets appetite, with a view to securing a purchaser for the business and assets. Further details regarding the event leading up to the administration are provided below.
During the marketing process, a trade creditor presented a winding-up petition against the Company. Following discussions, the creditor agreed to withdraw the petition. A notice of intention to appoint administrators was then filed while marketing continued. The accelerated marketing process subsequently expired without a formal offer being received.
Administrators' statement of proposals (2026-06-03) · Companies House register