Gas-Elec enters administration after 30 years trading

The company carried out gas safety inspections, electrical checks, boiler servicing and home buyer reports. It served landlords, homeowners and agents across the UK. It operated a regional base on Oxford Road in Bournemouth, covering Bournemouth, Poole and the wider Dorset area.

Simmonds and Newell, both of Quantuma Advisory Limited, took up the appointment on 1 October. The move was confirmed in a notice filed with The Gazette. Gas-Elec has been approached for comment but has not responded.

Company history

Gas-Elec described itself as a pioneer of combined single-visit gas and electrical safety inspections. It also offered carbon monoxide and smoke detector checks alongside boiler installation and servicing. Customer reviews had previously praised the firm as efficient and reliable.

Administration is a formal insolvency procedure under the Insolvency Act 1986. It applies where a company cannot meet its debts as they fall due. The appointment can be made by directors, a creditor or the court. Once in force, it triggers a statutory moratorium that shields the company from creditor enforcement while a rescue plan is considered.

What comes next

Control of Gas-Elec's daily affairs now passes to the administrators. The business may still continue trading during the process. Within eight weeks the administrators must set out proposals. Creditors then vote on these through a formal decision procedure.

Should any part of the business or its assets be sold, proceeds will go to creditors in the statutory order of priority, after the costs of the administration itself. The process runs for up to 12 months unless extended by the court or creditors. It can end in one of three ways: a rescue that returns the company to its directors, a move into liquidation, or dissolution.