Gas4Heat Ltd (08879465): administration
- Status
- Administration ended
- Administration began
- 2018-07-16
- Administrators
- Andrew James Pear, Richard Keley
- Administrators' firm
- Moorfields
- Incorporated
- 2014-02-06
- Location
- Crawley
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated in February 2014 and traded as plumbing, heating and air-conditioning installation specialists. It was owned equally by Dean Hill and Stefan Chapman who were both initially the directors of the Company. It traded from a small converted garage located at 196 Ifield Drive, Ifield, Crawley, RH11 ODQ. This garage is leased by a relative of one of the initial directors to which there was no lease in place and no rent payable by the Company. The business was principally based in Crawley but expanded throughout the South East and provided services to local domestic heating customers as well as commercial contracts (mainly new builds).
Dean Hill and Stefan Chapman had previously traded as a partnership before transferring the business to the Company, so they had the benefit of a trading history which helped to fund its start-up. The Company was profitable in its first year of trading which enabled the Company to take on two trainees, however it suffered from cash flow issues in subsequent years.
In early 2018 a decision was made to separate the business into two, with Dean Hill (‘the Director”) focussing on the domestic market in the Crawley area and Stefan Chapman focussing on commercial contract work around the Essex area.
Administrators' statement of proposals (2018-07-31) · Companies House register