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Tuesday, 11 October 2011

Hulse (Electrical Contractors) Ltd in Administrative Receivership

Sutton Coldfield-based company Hulse (Electrical Contractors) Ltd which had an annual turnover of £25m has gone into administrative receivership with the loss of 160 jobs.


The downturn in the construction is thought to be to blame for the firm’s collapse.

David Bennett and David Dunckley, of Grant Thornton UK have been appointed joint administrative receivers.  They can be reached on 0121 212 4000. 

The business was founded in 1985 and owned and operated by the Hulse family.  The business had an annual turnover of around £25m.
Mr Bennett said: “Hulse had been suffering cash flow difficulties and although various solutions had been explored by the directors to save the business, none were ultimately successful.”

All 160 jobs have been lost across its offices in Sutton Coldfield, Glasgow, Oxford, and Bristol.
It worked on a number of hotel projects in and around Birmingham, including the refurbishment of the Crowne Plaza, plus commercial sites such as the Blythe Valley Business Park.

It was recently awarded a £1.8m contract to complete mechanical and electrical installation on the next phase of the Waterfront South development in Walsall. The project was due for completion next summer.

Readers may note that we have said the business is in "administrative receivership" as opposed to administration.  The Hulse website also confirms this.

What exactly is administrative receivership then?

A receiver is appointed by a floating charge holder. and this only happens where a debenture has been created over the company prior to September 2003.  Any debentures created after that date mean the holder has to appoint administrators.   There are subtle differences in the two processes.  Please read our detailed guide to administration to find out more.

22 comments :

  1. From what I saw when I worked there, the directors spent enough on new cars and golf course fees with no problem.

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  2. BUNCH OF CROOKS always were and this is the 3rd time they have gone bust, (aldridge electrical, then Hulse 2006 I think) then restarted under a new name, screwing suppliers for thousands. watch this space I have already heard mummers they are trying to restart again.

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  3. Which one of the main variants of the company has gone in to administration. They were very good at starting new companies and moving assests then closing the the old one, leaving many without pay or their accounts settled. I cant say Im sorry to see them go, but I am sorry for the employees who are without their jobs now.

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  4. Electrical contractors install electrical systems in new homes, businesses and industrial facilities. They undergo the same basic training that repair electricians do, but the primary focus of their work is on the installation of new electrical systems rather than the repair of old ones.

    Thanks.

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  5. Just to correct posters 2 & 3. I worked for Hulse for 13 years from 1996, and in that time there was only 1 company. I think you must be thinking of someone else. Greedy shareholders & suspect management the cause of the problems in my opinion.

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  6. How wrong the above are. I worked at Hulse for many years and and was very happy there. Steve Hulse was a fantastic boss and always looked out for the employees unlike certain other members of the family who were just in it for the money.

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  7. has been restarted under a new name minus steve!

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  8. I also worked for Hulse up in Scotland or many years, I can assure you that the man at the helm was nothing but a greedy, lying bully who relied on his past. He was also at the helm at a previous company, which also folded. You see it wasn't his money he was playing around with it was Hulse money. Yet this man and his minions, who would see no, hear no, speak to evil to him....he employed staff that were not fit for purpose and would not stand up to him. I would never ever work for this man again. Hulse on the other hand where good employers. I loved the job, I hold him responsible. He has now walked away, opened his own company and took his sheep with him, they know who they are.

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  9. I also worked for Hulse up in Scotland or many years, I can assure you that the man at the helm was nothing but a greedy, lying bully who relied on his past. He was also at the helm at his previous company, which also folded. Yet this man and his minions, who would see no, hear no, speak to evil to him....he employed staff that were not fit for purpose and would not stand up to him. I would never ever work for this man again. Hulse on the other hand where good employers I loved the job, not the man in Scotland. I hold him responsible.

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    Replies
    1. i also worked for hulse glasgow the man at the helm wasnt even with hulse when they went bust and were a worse firm to work with after he left. you obviously dont know the man himself as you come across as very bitter as it seems you probably couldnt do your job and were found out

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    2. Soapybubbles? Bubblyjock more like. the Glasgow branch were making money, not easy in a recession, but money was being moved on to other projects down south. soapy, we all know who we are, yes. we also know who you are. BAA

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    3. Well very mature attitude. Making money for who though, that is the question???? Your kidding yourself on, if money wasn't being skimmed then maybe things would have been different.

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  10. what you talking about soapy you dont have a clue .hulse went under due to serious losses in jobs in england. the company hired mediocre agency workers to run the english division who stood about all day doing nothing and collecting paypackets at the end of the week . it was the workers in the glasgow branch and the work created in the glasgow branch that kept the company afloat for the last two years of its existance .you are obviously a bitter disgruntled little man . there was a small percentage in glasgow not up to the job most likley yourself .

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    Replies
    1. ^ That post made me laugh! Couldn't be further from the truth!

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    2. Whoever you are, you are talking nonsense the man at the helm was and is responsible (as well as others down in england) What goes round comes round, he's well over due his round. The glasgow staff were fine, it was the followers who were blinded by him. He'd take the credit when it went well and blame other when it didn't, he was a bully and more that likely still is.

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  11. They are now

    167 SUTTON ROAD
    WYLDE GREEN
    SUTTON COLDFIELD
    UNITED KINGDOM
    B23 5TN

    www.arrowinstallations.com

    Maybe but not 100% affiliated to Arrow Installations Ltd

    18 Newick Avenue
    Sutton Coldfield
    West Midlands
    B74 3DA
    UK

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  12. I agree steve hulse was a fantastic boss. I worked for him for 6 years. Lot of roumers were flying Round of why they went bust.. bottom line it was the people around steve that he trusted who shafted him in the end for their own personal gain. Nothing but sheer greed!!!!!!!

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    Replies
    1. Yes your right it was sheer utter greed from the Directors, certainly one of the biggest shafters was up in Scotland, among others. They will hopefully all get the just rewards soon enough, as they say what goes round comes round.

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  13. Husle was an profitable business until it was impregnated by Ex- Hills Electrical operatives. The responsibility for the influx of these individuals was that of the Shareholders, their vision of granduer and wealth out grew the abilities of the new staff....... These new employees were equally responsible for the demise of Hills Electrical. So a message to all Directors and shareholders, take a lesson from these events and stay focused on your core business and the abilites of your staff.Turn over is vanity ! A industry friend.

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    Replies
    1. Well said, industy friend. Your are spot on with the operatives and the man in charge of both industies. The ones who worked hard were the ones that suffered as a consequence to their greed.

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  14. Thank you for providing the information. I was searching this information only.
    Electrical Equipment Servicing By Kowelec Bendigo

    ReplyDelete

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at keiths@companyrescue.co.uk. If you are a professional advisor with a troubled client, please suggest they visit www.companyrescue.co.uk or contact me as above.

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