# Spiralite Holdings Limited (07362483)

> Why UK company 07362483 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07362483

- **Status:** Administration ended
- **Administration began:** 2017-08-02
- **Administrators:** Matthew Boyd Callaghan, Zelf Hussain
- **Administrators' firm:** PwC
- **Incorporated:** 2010-09-01
- **Location:** Leeds
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Sustained trading losses

## From the administrators' statement

Spiralite Holdings Limited (“SHL”) is the 100% shareholder of Specialist Insulation Limited (“SIL”) (together “the Companies”). SHL also holds 100% shareholding in Excel (Portam) Limited (“Excel”) and Spiralite Ductwork Solutions Limited (non-trading entity) (collectively the “Group”).

The Group developed, manufactured and installed insulated ductwork products for Heating, Ventilation and Air Conditioning (“HVAC”) applications. Group revenue in 2016 was c. £14.4 million although all group entities have now ceased to trade.

SHL held the Intellectual Property (“IP”) for the Group and held a licence agreement for Khansaheb Industries LLC (“Khansaheb”) (a Dubai based entity). SIL manufactured the insulated ductwork product from a leasehold premises in Essex and distributed this product intra-group to Excel and to third parties throughout the UK and USA.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07362483/filing-history/MzE4MzgxNTY5NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07362483

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