Brightfire Sustainables Ltd (07402576): administration
- Status
- Administration ended
- Administration began
- 2015-03-27
- Administrators
- Julie Anne Palmer, Simon Campbell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-10-11
- Location
- Salisbury
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Creditor pressure / legal action
- Management failings / irregularities
From the administrators' statement
The company was incorporated im October 2010 the director having traded as a sole trader beforehand The business was a simple one, the installation of wood burning stoves, and had traded for years At the time of incorporation the director took on a fellow director to deal with the accounting and then development of another business to trade as garden landscapers and concrete basing The two businesses appear to have used the same bank account
There followed a period of long running distrust between the two directors and Mr Shaw took over the accounting function of the business some eighteen months ago in order to reconcile the discrepancies
tn January 2015 the two companies separated amidst director disputes and allegations of misappropriation
Administrators' statement of proposals (2015-05-20) · Companies House register