Cordell Southern Technical Services Limited (07859750): administration
- Status
- Administration ended
- Administration began
- 2017-02-23
- Administrators
- Lee Van Lockwood, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2011-11-24
- Location
- Leeds
- Industry
- 43210 Electrical installation
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Sustained trading losses
From the administrators' statement
The Company was formed in November 2011, following the acquisition of STS (Southem Technical Services) Limited (“STS”), registration number 03360453, by Cordell Group Limited ("CGL"). The Business and Assets of STS were transferred to the Company following the acquisition.
STS had been formed in April 1997 by Richard Smith and Mr Smith became a director of the Company and continued to run the operational side of the business as a subsidiary of CGL. He was joined on the board of the Company by two existing directors of CGL: Gary Lawson and David Rush. The Company provided electrical engineering services; primarily installation of electrical systems into commercial premises, It has historically generated annual turnover of approximately £5m.
From an operational perspective, the Company was relatively independent of CGL and its other subsidiaries. However, financial and other head office functions were undertaken by CGL.
Administrators' statement of proposals (2017-04-19) · Companies House register