# WPS Electrics Limited (08099062)

> Why UK company 08099062 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08099062

- **Status:** Administration ended
- **Administration began:** 2016-11-18
- **Administrators' firm:** Greenfield Recovery
- **Incorporated:** 2012-06-11
- **Location:** Birmingham
- **Industry:** 43210 Electrical installation

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action

## From the administrators' statement

31 The Company was incorporated on 11 June 2012 under company number 08099062 The Company's registered office prior to the administration was 34 Hopstore, Old Bexley Business Park Bourne Road, Bexley, Kent, DAS 1LR

32 The Company operated as a family run business that provided electrical services to domestic and commercial customers in London and the South of England

33 Prior to recent times the Company had always traded positively More recently, the Company's position changed In response to a request from one of the Company's main contractors, the Company applied for and obtained gross payment under CIS Before this time, the Company was on CIS 20% deductions and was always in credit with HM Revenue & Customs (“HMRC”) At around the same time as transferring to gross payment with HMRC, a major contractor raised multiple queries on an invoice of £180,000, over 6 months later this payment was still outstanding, which had a massive effect on the Company's cashliflow

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08099062/filing-history/MzE2Njk4Mzc0MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08099062

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