Elimco UK Ltd (08016588): administration
- Status
- Administration ended
- Administration began
- 2016-02-03
- Administrators
- Simon Franklin Plant, Andrew James Pear
- Administrators' firm
- SFP BM Advisory
- Incorporated
- 2012-04-02
- Location
- Marshall Wall
- Industry
- 42220 Construction of utility projects for electricity and telecommunications
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
Albert that statutory information 1s contained in Appendix Il, these Proposals provide brief detatls in relation to the Company's history This history has been compiled following conversations between the Team and representatives of ITW, subsequent to the placing of the Company into Administration
The Company was incorporated on 2 April 2012 and is a wholly owned subsidiary of the parent, ESA ESA has been operating for over 30 years in Spain offering electncal installation services
A project opportunity arose in the UK to work with a significant utility provider and accordingly, the Company was created to service it The directors sought a UK registered company to undertake the work because tt provided more clanty of the business actwities in the UK and further, made it easier to administer the contract having a registered UK business (for supplier and legislative purposes)
Administrators' statement of proposals (2016-04-02) · Companies House register