Administration · 5 April 2022
Mechanical Facilities Services
Specialist trade · Doncaster · East Midlands
What happened
MECHANICAL FACILITIES SERVICES LIMITED (company number 06758361), incorporated in 2008, entered administration on 5 April 2022. Its status at Companies House is now: administration.
Why it failed
A dispute with a major customer over certification left a €6m intercompany debt unpaid, causing cash pressure that worsened as contracts ended, new work was delayed and fundraising failed.
- Main reason: Clients not paying or failing
- Cash flow
- Delays
- Sale or investment failed
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
30 June 2020
Last accounts filed were made up to this date
22 months later
5 April 2022
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to suppliers and subcontractors (estimated), as at 5 April 2022
- £9.6m
- HMRC owed £155k. a further £2.3m owed to its lenders. Expected return to unsecured creditors: unlikely
- Administrators' proposals (trade creditors)
The last accounts filed were full accounts made up to 30 June 2020, 21 months before it went into administration.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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