Surface Electronics Limited (10071831): administration
- Status
- Administration ended
- Administration began
- 2016-12-01
- Administrators
- Simon Edward Jex Girling, Danny Dartnaill
- Administrators' firm
- BDO
- Incorporated
- 2016-03-18
- Location
- Counterslip
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company traded as a contracts electronics manufacturer, specialising in printed circuit board assembly, together with associated technologies
The Company was set up by SKG Capital Partners LLP ("SKG”) and incorporated on 18 March 2016 for the purpose of purchasing the business and assets of South Wessex Electronics Ltd, which entered Admimstration on 17 March 2016 On 23 March 2016, a sale of the business and assets completed for a consideration of £40,000 and all employees of South Wessex Electronics Ltd transferred to the Company in accordance with TUPE regulations.
The Company has traded from the premises at Holton Heath Trading Estate, Poole, since 23 March 2016 and occupied the premises under a licence to occupy agreement, paying £7,500 plus VAT per month to South Wessex Electronics Ltd (in Administration), which was then paid to the landlord.
Administrators' statement of proposals (2017-02-07) · Companies House register