Dynamic M&E Limited (11558868): administration
- Status
- Administration ended
- Administration began
- 2021-09-30
- Administrators
- Richard Kenworthy, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-09-07
- Location
- Leeds
- Industry
- 43210 Electrical installation
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Sustained trading losses
- Parent or group failure
From the administrators' statement
The Company was incorporated in September 2018 for the purposes of carrying out construction works (including electrical, heating and plumbing installation) as part of the wider Dynamic group, the ultimate holding company of which is Dynamic Networks Holdings Limited. The business operated from premises in Leeds with 14 total staff inclusive of three Directors.
In December 2019 a key client, the Broadley Group, went into Administration which resulted into a
substantial loss to the Company, in excess of £250k. The Company negotiated terms to resume work on the
Administrators' statement of proposals (2021-11-26) · Companies House register