Conditioned Environment Mechanical Projects Limited (10917395): administration
- Status
- Administration ended
- Administration began
- 2023-05-02
- Administrators
- Robert Christopher Keyes, David Ronald Taylor
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- UK Mechanical Group Limited; Conditioned Environment Mechanical Projects Limited
- Incorporated
- 2017-08-15
- Location
- Reading
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Property / lease costs
- Parent or group failure
- Competition / price pressure
From the administrators' statement
Following the return-to-work directive issued by the Government, the Group immediately put effort into reinstating the work-in-progress and commencing the contracts that it had won after the start of the pandemic.
It can be seen above that the Group was significantly disadvantaged by the unauthorised crown set off, which, if paid, would've assisted the Group financially in what was a stressed trading period given the backdrop of the pandemic.
Added to this, several customers reduced work commitments and scaled-down operations with the Group, which maintained large, fixed overheads in terms of employees and rent. In addition to the existing balance sheet.
Administrators' statement of proposals (2023-06-26) · Companies House register