E3PS Ltd (08254040): administration
- Status
- Administration ended
- Administration began
- 2015-11-20
- Administrators
- Christoper Kenneth Williams, Andrew Mctear
- Administrators' firm
- Begbies Traynor
- Formerly
- Finney Meadows Limited
- Incorporated
- 2012-10-15
- Location
- Norwich
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
From the administrators' statement
The Company was onginally incorporated as Finney Meadows Limited in October 2012 as a building firm operating in Newcastle under Lyme The Company started out providing handyman and plumbing services to homeowners Following a good 15 months of trading the Company started to take on bigger jobs and in January 2014 took on a large job that required the employment of staff Around June 2014 the Company began to carry out insulation works under the governments Green Deal Home Improvement Fund
The director invested £20,000 into the business together with other funds to enable the Company to gain the necessary qualifications required to carry out works under the scheme but unfortunately the government scheme did not work out as the fund money ran out within a matter of days which caused the Company to make a significant loss A few months later another fund was launched by the government and the Company managed to secure a few months work but again the money ran out quickly and the Company did not get the work that it had anticipated Further recent grant cuts have meant that it could no longer operate
Neither | nor my firm has had any connection with the Company, its director or shareholder prior to initially being consulted on 1 October 2015 by Fleximize to assist with a review of the Company’s finances
Administrators' statement of proposals (2016-01-19) · Companies House register