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Directors of troubled M&E specialist firms set up new company

Three administrators from a gaggle of M&E corporations which this week filed for administration arrange a brand new agency two days earlier.

Halifax-based Mitton Group filed incorporation paperwork with Firms Home on 22 August, two days earlier than Bradford-based H. Mitton Restricted and its subsidiaries Mitton Mechanical Providers, Mitton Electrical Providers and Mitton Aftercare all filed notices of intention to nominate directors.

Administrators of the brand new agency, Mitton Group, are listed on Firms Home as Neil Burns, Daniel Keenan and Gavin Lewis.

All three are listed as administrators of Mitton Electrical Providers. Keenan and Burns are additionally listed as administrators of Mitton Electrical Providers and Mitton Aftercare, and Burns is listed as a director of H. Mitton.

In response to H Mitton’s most up-to-date accounts, the corporate made a pre-tax revenue of £583,546 within the yr ending 27 January 2022. Turnover fell by 9 per cent from £36.9m to £33.7m. The corporate employed a median of 312 employees through the yr, in comparison with 341 the yr earlier than.

An audit report from Brown Butler famous that the agency had web liabilities of £4.6m, however added “the administrators have an affordable expectation that the Group has sufficient assets to proceed in operational existence for the foreseeable future”.

Mitton Mechanical Providers made a pre-tax lack of £195,348 from turnover of £7.7m. Mitton Electrical Providers, the most recent agency within the group, was established in 2020 and posted income of £7.1m with pre-tax revenue of £320,515. Mitton Aftercare generated pre-tax revenue of £424,200 from income of £19.3m.

All three corporations reported accounts for the yr ended 27 January 2022.

Final month, a LinkedIn put up from an account now named Mitton Group acknowledged: “Tomorrow marks the beginning of a brand new period for Mitton Group… we’ve various colleagues that depart the enterprise immediately.”

Director Graham Hawe left H. Mitton on 13 July, in response to Firms Home paperwork.

Mitton Group declined to remark when approached by Development Information.