Electrical installer enters administration

Fri, 01 Mar 2019 | ADMINISTRATION



An electrical installation services business based in Leeds entered administration earlier this month after struggling with a series of cash flow issues.

Connect Up Electrical Limited was forced to call in Yorkshire-based licensed insolvency specialists Wilson Field to handle the administration, with partners Kelly Burton and Lisa Jane Hogg appointed as joint administrators.

The business, established in 2012, traded from Barras Street in central Leeds and provided services to schools and educational institutions by fitting and installing electrical equipment. It has now, however, ceased its trading operations in light of the administration.

Commenting on the insolvency, Burton – who is also a director at Wilson Field – said: “The company operated in a niche area, undertaking electrical installations at schools and offering technical support. When the business ran into cash flow problems, the directors sought advice but regrettably by that time options were very limited, and the decision was made by the directors to cease trading.

“An associated company is seeking appointment as a replacement subcontractor authorised by the joint administrators to ensure completion of a number of the outstanding contracts and the preservation of the applications, retentions and book debts due to the company under those contracts.”

Potential buyers of Connect Up Electrical Limited's assets and business as a whole are invited to register their interest with the administrators immediately.

For more news stories about administrations click here. For all our administrations listings, click here.


Share this article



Latest Businesses for Sale

Diverse Facilities Management Services Provider
Lancashire, North West, UK

Specialises in offering first-class facilities management services for multiple sectors. Has an A+ credit rating, debt free and cash positive for over 10 years. Operates from leasehold premises. Offers invited.

Asking Price: Offers Invited
Turnover: £3,208,982

LEASEHOLD


Logistics Solutions Provider
Berkshire, UK Wide

Operates as a franchisee of a leading UK logistics company and works with a network of established couriers to provide cohesive delivery solutions. A multi-award-winning company with an exceptional reputation in its sector. Offers invited.

Asking Price: Offers Invited
Turnover: £1,519,027

LEASEHOLD


Estate Maintenance & Cleaning Services
South East, UK

Independent Provider. Offers a comprehensive range of professional and reliable cleaning and estate maintenance services to clients throughout the South East. Works closely with its clients, undertaking all aspects of estate maintenance and commercia...

Asking Price: Offers Invited
Turnover: £440,177

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
14
 
Jul
 

Huddersfield retail park acquired out of administration | COMMERCIAL PROPERTY

Huddersfield’s Gallagher Retail Park has been acquired...

 
14
 
Jul
 

Directors of distressed companies get more breathing space | BUSINESS NEWS

The temporary suspension of wrongful trading provisions intr...

 
13
 
Jul
 

Yorkshire retailer Peter Jones enters administration | ADMINISTRATION

Well-known Wakefield-based retailer Peter Jones has entered ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
14
 
May
 

Sixth Signature Living hotel company goes into administration | ADMINISTRATION

Signature Living Coal Exchange Limited, the company behind t...

 
17
 
Jun
 

Sheffield candle retailer enters administration | ADMINISTRATION

A shop retailing candle and gifts in Sheffield has collapsed...

 
14
 
Aug
 

Store Media plc bought out of administration | BUSINESS SALE

Advertising company Store Media plc has been bought out of a...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources