Geckotech Solutions Limited (SC301770): administration
- Status
- Administration ended
- Administration began
- 2019-07-22
- Administrators
- Blair Carnegie Nimmo, Geoffrey Isaac Jacobs
- Administrators' firm
- KPMG
- Incorporated
- 2006-05-04
- Location
- Edinburgh
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in May 2006 as a supplier of specialist access services to several sectors, including:- the oil and gas industry; rail; marine; construction; and renewables.
The Company, operating from leasehold premises in Edinburgh, was founded by the director and sole shareholder, Stephen Pearson.
We understand that during its early years of trading, the Company generated modest sales, from which small profits were returned in most years. The Company’s peak trading activity occurred during FY18, when it generated turnover of c£5.7million, from which a net loss of c£190,000 was incurred. _
Administrators' statement of proposals (2019-09-11) · Companies House register