UK plumbing company United Drains collapses into administration
Summarised from 2 outlets · Updated 22 Oct, 11:02 · Archive
United Drains Ltd, a UK-wide 24/7 plumbing and drainage service, has entered administration after nine years in business.
United Drains Ltd, a UK-wide plumbing and drainage company, has entered administration after nine years in business. Joint administrators Constantinos Pedhiou and Yiannis Koumettou of BTG Begbies Traynor were appointed on 16 October.
The company offered emergency plumbing, drain unblocking, CCTV surveys and pumping station maintenance on a 24/7 basis since 2017. It marketed itself as providing 'immediate support without the hassle of call centers'.
Administration is a legal process under the Insolvency Act 1986 that applies to companies unable to pay their expenses, debts or other liabilities. Once a company enters administration, a statutory moratorium is imposed, giving it 'breathing space' to allow financial restructuring plans to be drawn up without creditor enforcement actions.
How it is being reported
- UK plumbing company offering 24/7 service collapses into administration after 9 yearsPlumbing and drainage company United Drains Ltd has collapsed into administration after nine years in business.Malvern Gazette · 22 Oct, 10:47
- UK plumbing company offering 24/7 service collapses into administration after 9 yearsPlumbing and drainage company United Drains Ltd has collapsed into administration after nine years in business.Worcester News · 22 Oct, 10:47
In this story: United Drains Ltd · BTG Begbies Traynor · Constantinos Pedhiou · Yiannis Koumettou
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
Comments (0)