# Dynamic M&E Limited (11558868)

> Why UK company 11558868 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11558868

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11558868/filing-history/MzMyMTAyMzgyMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11558868

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.