Ensco 948 Limited (08179707): administration
- Status
- Administration ended
- Administration began
- 2013-08-02
- Administrators
- Kerry Bailey, Dermot Justin Power
- Administrators' firm
- BDO
- Incorporated
- 2012-08-14
- Location
- Manchester
Why it went into administration
- Sustained trading losses
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
Ensco was incorporated on 14 August 2012 as a holding company having Ensco acquired the entire share capital of IDFS and ID HVAC on 28 September 2012, from ID Support Services Holdings Limited, following a financial restructuring of the group. Ensco had 22 employees providing finance, HR, IT and sales support, along with the semor management team. Ensco also owns the entire share capital of a number of dormant subsidianes
IDFS was incorporated on 19 May 1998 and undertook works in connection with security systems and fire detection, prevention and suppression systems. Clients included compamies operating in the retail sector, Government bodies, main contractors, subcontractors, private commercial organisations and individuals.
ID HVAC undertook installation, maintenance and service of heating, ventilation and air conditioning systems Clients included local councils, main contractors, sub-contractors and private commercial organisations. However, ID HVAC had experienced a significant downturn 1n trading performance in recent years, largely as a result of the loss of several large customers, and was being would down in the months pnor to the Administration.
Administrators' statement of proposals (2013-10-03) · Companies House register