H & D Utilities Limited (07709078): administration
- Status
- Administration ended
- Administration began
- 2015-09-18
- Administrators
- John Malcolm Titley, Mark John Colman
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2011-07-18
- Location
- Preston
- Industry
- 42220 Construction of utility projects for electricity and telecommunications
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company initially operated from leasehold premises situated at Dickies Lane South, Blackpool, Lancashire FY5 4QQ In February 2014, the Company relocated to premises situated at Park Road, Bury, Lancashire BL9 5BQ
The Company was a national service provider delivering major infrastructure proyects and maintenance works in the utility markets, as well as civil engineering services for both public and pnvate clients and in the design and manufacture of purpose-built mechanical handling equipment As a multi-disciplined construction company, H & D Utilities Limited had the capability to undertake works tn the role of main contractor, sub contractor or design and build contractor
The Company was initially capitalised through a factonng agreement with Barclays Bank, who registered a debenture creating a fixed charge over the Company’s book debts and floating charge over the Company's remaining assets The factoring agreement was in place for 12 months and the charge was subsequently satisfied at Companies House on 13 August 2015 The business was also initially financed by a number of personal loans to the Company from Charles Hefferman and his father who was an employee of the Company at the time and from Michael Devaney
Administrators' statement of proposals (2015-11-03) · Companies House register