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

Access Control Systems & CCTV Consultancy
Hertfordshire, South East, UK

Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...

Asking Price: Offers Invited
Turnover: £530,000

FREEHOLD


Telegraph Pole & Fibre Optic Installation & Replacement Services
UK Wide

Works with national communications networks and utility companies to provide rapid, reliable telegraph and utility pole services. Operates nationally, predominantly working with clients based across the Midlands. Works with market-leading, blue-chip...

Asking Price: Offers Invited
Turnover: £2,450,000

LEASEHOLD


Passive Fire Protection Specialist
UK Wide

Supplies and installs a range of comprehensive passive fire protection systems in buildings throughout the UK. Services offered include structural steel protection, fire stopping, acoustic and air sealing and soffit insulation. In addition to its cor...

Asking Price: Offers Invited
Turnover: £6,390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Apr
 

Benito’s Hat to continue trading despite entering administration | ADMINISTRATION

Fast-casual Mexican food chain Benito’s Hat has entere...

 
02
 
Apr
 

Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY

Fashion retailer Next has put its head office and three ware...

 
01
 
Apr
 

Sheffield-based cafe chain falls into administration | ADMINISTRATION

Sheffield-based cafe chain Massarella Gelaterie Ltd has been...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
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