Pentalec Limited (10599221): administration
- Status
- In administration
- Administration began
- 2025-09-12
- Administrators
- Andrew John Tate, James Hopkirk
- Administrators' firm
- Kreston Reeves
- Incorporated
- 2017-02-03
- Location
- Chatham Maritime
- Industry
- 43210 Electrical installation
Why it went into administration
- Cash flow / liquidity pressure
- Over-expansion / investment not recovered
- Loss-making contracts / project overruns
- Sustained trading losses
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Administrators.
Penatlec Limited (“the Company”), is a private limited company established in Gillingham, Kent, operating within the electrical hardware installation sector. The Company maintained its principal place of business from a leased office, and held a lease on a secondary site, which it sublet to an unconnected company.
From 2021 the Company experienced significant growth in turnover, with annual sales increasing by 218.73%, culminating in a turnover of approximately £9.5 million in the year to February 2024. This rapid expansion positioned the Company as one of the fastest-growing businesses in the Kent region. The February 2024 accounts reflected an overall net profit of only £140,049.
Administrators' statement of proposals (2025-11-07) · Companies House register