Thu, 24 May 2012 | ADMINISTRATION
Leeds-based Airedale Electrical has gone into administration, it has been confirmed.
The business, which is part of the unaffected Airedale Mechanical and Engineering, had a £30 million turnover and a workforce of around 60.
Administrators from XL Business Solutions were appointed earlier this week (21 May) to wrap up the business. As yet it is unknown just what is planned for the company's future and whether a buyer is being sought.
The latest accounts lodged with Companies House revealed that Airedale Electrical had a pre-tax profit of £158,000 at the end of the 2010-11 financial year. This was an increase from the previous year's profit of £53,000, while turnover rose to £30 million from £21 million in the year to March 2010. However, it appears that this level of profit has not been enough to keep the business afloat.
Parent company Airedale Mechanical and Electrical, meanwhile, turned over a healthy £66 million in the same period and enjoyed a pre-tax profit of £961,000. It employs around 150 staff on its contract jobs across the country and is currently working on profitable jobs such as the £10 million M&E contract with Balfour Beatty for the 60 Holborn Viaduct office development in London.
Once a thriving online garden centre started in 2018, after an internal dispute the business stopped trading in 2022. In a space of just 3 years the business achieved £500k in turnover. This is a perfect opportunity for someone looking for a new...
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.