Mansfield building services business appoints administrators

Credit: photofriday

Mansfield-based Heatcare Limited has entered administration.

The businesses, which was formed in 1996 and provides heating and cooling systems for the care sector, appointed Leonard Curtis as administrators on Thursday 5th March 2020.

Suppliers or creditors of Heatcare Limited requiring further details in relation to the
administration have been instructed to contact Richard Pinder at Leonard Curtis.

According to the firm’s latest results, for the period 1 September 2017 to 28 February 2019, turnover at the business reached £14.46m. However the firm reported a substantial “one-off loss” from two legacy contracts from which the businesses suffered financial over runs as a result of late completion, and several contracts were delayed by 5 months. The firm posted a loss for the period of £466k.