# Turbine Efficiency Group Limited (07888125)

> Why UK company 07888125 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07888125

- **Status:** Administration ended
- **Administration began:** 2021-11-16
- **Administrators:** James Richard Clark, Howard Smith
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 2011-12-20
- **Location:** Leeds
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Funding withdrawn / unable to refinance
- Competition / price pressure

## From the administrators' statement

TEG was incorporated in December 2011 and operated as a holding company and is the 100% shareholder of TEL. TEG had three employees at the date of our appointment, being the three directors of the Turbine Efficiency Group (comprising TEG, TEL, TEH and GTA). On acquisition of TEG by ESO, the intention for TEG was to be the holding company over numerous Strategic acquisitions, the only one of which that was executed was GTA.

TEG provided parent company guarantees relating to numerous contractual obligations of TEL and fell within the security net of the secured lender Breal.

3.2 Funding and financial position of the Company

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07888125/filing-history/MzMyMzc1OTQxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07888125

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.