Engenera Renewables Limited (08811056): administration
- Status
- Administration ended
- Administration began
- 2024-02-29
- Administrators
- Sean Williams, Iain David Nairn
- Administrators' firm
- Leonard Curtis
- Formerly
- Baycotel Limited
- Incorporated
- 2013-12-11
- Location
- Gateshead
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 11 December 2013 and accounts filed at Companies House show the Company was dormant until 1 January 2017.
The Company latterly traded from leasehold premises at Gateway House, Gateway West, Newburn Riverside Newcastle-upon-Tyne. The principal trading activity of the Company was an Engineer, Procure and Construct (EPC) in the Renewable Energy industry, servicing both domestic and commercial clients. Throughout its trading life, the Company has increased its client base, which has resulted in larger commercial solar installations to a number of national and international clients.
The Company traded profitably throughout the initial years and accumulated profits of £223,094 as at
Administrators' statement of proposals (2024-04-09) · Companies House register