Evergreen AIR Conditioning Services Ltd (11910373): administration
- Status
- In administration
- Administration began
- 2025-03-05
- Administrators
- Gareth Howarth
- Administrators' firm
- Path Business Recovery
- Formerly
- Evergreen Service & Maintenance Limited
- Incorporated
- 2019-03-28
- Location
- Manchester
- Industry
- 43220 Plumbing, heat and air-conditioning installation
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
From the administrators' statement
3.1 By late December 2024, it had become apparent that the Company required
funding above the level available to it by its bank and neither the Company nor its investors were in a position to advance the necessary funding in order to make the business viable considering the high level of debt claimed by HMRC against the Company.
3.2 A review of the Company’s cash-flow revealed that there would be insufficient working capital available to allow the Company to continue to trade in the medium term in order for a purchaser to be found. There were no requests made to potential funders because the Director deemed there was little prospect of the company obtaining additional fundings due to its significant HMRC and trade liabilities.
Administrators' statement of proposals (2025-05-09) · Companies House register