Advanced Climate Control Limited (08724251): administration
- Status
- Administration ended
- Administration began
- 2017-10-26
- Administrators
- Andrew Howard Beckingham, Siann Huntley
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2013-10-09
- Location
- Bristol
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Brexit
From the administrators' statement
The Company was incorporated on 9 October 2013 for the purposes of providing sub contract services in air conditioning, ventilation and ducting to heating, ventitation and air conditioning subcontractors and main contractors nationwide. The Company was based in Wakefield, West Yorkshire.
The Company was engaged in a number of sub contracts ranging in value from a few thousand pounds to several tens of thousands of pounds.
According to the historical information prepared by the directors for the purposes of the proposed CVL, the Company had traded with reasonable success until faced by the uncertainty in the economy in the light of Brexit. The directors considered that this caused main contractors to adopt unfair business practices to the detriment of the Company which had to reduce its prices in order to win work, thus having an adverse effect on profit margins. According to the directors, the Company also suffered contra charges for remedial work and had an ongoing dispute with a main contractor who refused to agree a final account amounting to approximately £70,000, which exacerbated the Company's financial situation.
Administrators' statement of proposals (2017-11-29) · Companies House register