Confidential Advice Line: 0800 063 9221

Electro Technical Services Enters Administration, 14 Jobs Saved

Administration

| February 12th 2014

More News by David Hill

Electro Technical Services Enters Administration, 14 Jobs Saved

A South Wales electrical and mechanical engineering company that served both business and domestic customers has ceased trading ahead of being placed into administration.

Electro Technical Services Limited, based in Pyle, South Wales, was set up in 2004 and had developed a reputation for designing and installing electrical and mechanical equipment.

The company worked across a broad range of sectors including healthcare, sports and leisure and residential, whilst products ranged from air conditioning and heating to ventilation and lighting.

Steve Wade and David Hill, of business rescue and recovery specialist Begbies Traynor’s Cardiff office, were appointed administrators on January 31. The company had been looking for a buyer or suitable partner to enable it to continue servicing its customers’ needs.

Outstanding contracts and 14 of the company’s 18-strong team were transferred to JW Morris of Bridgend prior to the appointment of the administrators, in order to avoid disruption to customers. The four remaining staff were made redundant.

Mr Wade said: “The company has been through a difficult period and whilst it’s regrettable that a small number of posts have been lost, the outcome is positive for vast majority of the team who have joined JW Morris.

“The process of administration will allow the completion of any necessary works to secure the value in completed projects, and minimises any disruption to the contracts still in progress.”


About the author

David Hill

Partner

Meet our Team of Experts

David is a chartered accountant and licensed insolvency practitioner. He joined Begbies Traynor in 2003 having previously worked for Grant Thornton, Deloitte and BDO Stoy Hayward. He has a wide range of experience in Corporate Rescue and Recovery including both corporate and personal insolvency.

44 Regional UK Offices

Find your local Begbies Traynor office and speak to an adviser today.

Find your Local Office
0800 063 9221

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0800 464 0871

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
0161 837 1700

Call our Confidential Advice Line. Calls to this number are free of charge.

Call us now...
Request a Meeting

We invite you to come and discuss your enquiry with us at your convenience.

Request a meeting...
Businesses Remain Resilient in the face of Brexit
Financial distress falls 6% following referendum
ONS data: 'Brexit has had no major effect on the UK economy thus far'
Read More →
 
Open Banking to Reshape the Alternative Finance Sector
CMA mandates the adoption of Open Banking by early 2018
Will see alternative lenders competing on a level playing field with dominant banks
Read more →
 
Join thousands of professionals by signing up for our updates
Analysis and Opinion from our Partners
Top Industry News
Register Now →
 

Advice you can trust

We are accredited by the following industry leading organisations

Insolvency Practitioners Association Institute of Chartered Accountants in England and Wales R3: Association of Business Recovery Professionals ICAEW Business Advice Service Turnaround Management Association ACCA (the Association of Chartered Certified Accountants) ICAS | The Institute of Chartered Accountants of Scotland

Contact the Begbies Traynor team

or Find your Nearest Office
Processing...