Hydrology PLC (08697967): administration
- Status
- Administration ended
- Administration began
- 2017-06-08
- Administrators' firm
- Antony Batty
- Formerly
- Nexus Water Bonds PLC; Water Bonds PLC
- Incorporated
- 2013-09-19
- Location
- London
- Industry
- 36000 Water collection, treatment and supply
Why it went into administration
- Cash flow / liquidity pressure
- Energy costs
- Sustained trading losses
- Competition / price pressure
- Weather / natural events
From the administrators' statement
Hydrology PLC (“Hydrology” or “the Company”) was incorporated in 19th September 2013.
The Company was originally incorporated as Water Bonds PLC. On August 2015 the Company changed its name to Nexus Water Bonds PLC and in March 2016 the Company was renamed by resolution to its current name, Hydrology PLC.
The Company was founded in order to enter into the commercial water market by financing and developing facilities that treat, desalinate, purify, dispose and recycle water for industrial and community applications. The Company raised finance to finance the development of water treatment projects through the issuance of debenture loan stock and equity.
Administrators' statement of proposals (2017-08-10) · Companies House register