STC Maintenance Ltd (10367404): administration
- Status
- Administration ended
- Administration began
- 2023-05-05
- Administrators
- John William Butler, Andrew James Nichols
- Administrators' firm
- Metis Partners and Gilbert Baitson
- Incorporated
- 2016-09-09
- Location
- Driffield
- Industry
- 74909 Other professional, scientific and technical activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The company specialised in block management of buildings, providing maintenance services and repairs on a nationwide basis.
It offered a range of services including building & grounds maintenance, commercial and industrial cleaning and fire, electrical and security facilities.
The company found trading conditions throughout Covid challenging, however, following the lockdowns the Company won a large contract. The company recruited significant additional resources to assist with the contract which significantly increased the company’s overhead.
Administrators' statement of proposals (2023-07-17) · Companies House register