Evergreen Biotech Group Limited (08928967): administration
- Status
- Administration ended
- Administration began
- 2014-10-23
- Administrators
- Stephen John Evans
- Administrators' firm
- Antony Batty
- Formerly
- JSM Investments Limited
- Incorporated
- 2014-03-07
- Location
- London
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The company Evergreen Biotech Group LTD (“Evergreen”) was formed in September 2012 along with 2 subsidiaries, Biotech Wastewater UK LTD (“BW”) and Evergreen ECO Services (“EES”) LTD both 100% owned
Evergreen purchased the cooling along with Plant & Machinery from Adventurest Technology Limited This equipment would enable the group to manufacture septic tanks and sand pohshing systems along with any bespoke rain water harvesting to clients in Africa, UK and lreland
Evergreen and the subsidiary companies only started to trade in March 2014 and Evergreen did not generate any revenue and relied solely on the two subsidies for sales revenue However, Evergreen acquired ail of the set-up costs to the group and helped fund the on-going cash flow
Administrators' statement of proposals (2014-12-11) · Companies House register