Strongs Building Services Limited (07367769): administration
- Status
- Administration ended
- Administration began
- 2013-05-30
- Administrators
- Sarah Helen Bell, Stephen Gerard Clancy
- Administrators' firm
- Kroll
- Formerly
- Solar Generate Limited
- Incorporated
- 2010-09-07
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Weather / natural events
From the administrators' statement
Statutory information on the Company and a summary of Its financial history 1s included at Appendix 1
The Company was set up on 13 July 2011 as a SPV used to acquire the business and assets of the maintenance division of The Strongs Group Limited following this company entering into Administration on 7 July 2011 Following this acquisition, the Company developed a supporting building services division and serviced customers primarily in the North West of England
Trading was initially promising as the Company had novated a lucrative contract in Chester worth approximately £500,000 per annum under the terms of the initial acquisition This was reflected in the profit before tax of £130,282 recorded in the period from incorporation to 31 December 2011
Administrators' statement of proposals (2013-07-25) · Companies House register