Zenith Refitment Services Limited (07697596): administration
- Status
- Administration ended
- Administration began
- 2021-12-03
- Administrators
- Conrad Alan Beighton, David Craig Griffiths
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2011-07-07
- Location
- Birmingham
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Creditor pressure / legal action
- COVID-19
- HMRC / tax arrears
From the administrators' statement
3.1 The Company was incorporated on 7 July 2011 to provide property refurbishment, painting and decorating services. This coincided with the reorganisation and restructuring of the Company's parent, ZCL, in the previous 12 months. ZCL had already been trading for several years providing commercial contract cleaning services. The Company's fellow subsidiary, Zenith Pola Flooring Services Limited (“ZPFSL” or “the Purchaser’), was incorporated in November 2010 to provide resin flooring solutions. The Company, ZCL and ZPFSL are collectively referred to as “the Group’.
3.2 The Company and the Group occupied a leased premises in Coventry, and employed c130 staff, mostly through ZCL.
3.3 The Group had historically traded profitably until the year ended 31 March 2020, when a net loss of £164k was recorded (£112k in the ZCL and £52k in the Company).. Furthermore, the effects of the legal expenses in pursuing a litigation case and the impact of COVID-19 had significantly affected the cash flow position of the Group and the companies within it.
Administrators' statement of proposals (2021-12-30) · Companies House register