Three directors from a group of M&E companies which this week filed for administration set up a new firm two days earlier.
Halifax-based Mitton Group filed incorporation documents with Companies House on 22 August, two days before Bradford-based H. Mitton Limited and its subsidiaries Mitton Mechanical Services, Mitton Electrical Services and Mitton Aftercare all filed notices of intention to appoint administrators.
Directors of the new firm, Mitton Group, are listed on Companies House as Neil Burns, Daniel Keenan and Gavin Lewis.
All three are listed as directors of Mitton Electrical Services. Keenan and Burns are also listed as directors of Mitton Electrical Services and Mitton Aftercare, and Burns is listed as a director of H. Mitton.
According to H Mitton’s most recent accounts, the company made a pre-tax profit of £583,546 in the year ending 27 January 2022. Turnover fell by 9 per cent from £36.9m to £33.7m. The company employed an average of 312 staff during the year, compared to 341 the year before.
An audit report from Brown Butler noted that the firm had net liabilities of £4.6m, but added “the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future”.
Mitton Mechanical Services made a pre-tax loss of £195,348 from turnover of £7.7m. Mitton Electrical Services, the newest firm in the group, was established in 2020 and posted revenue of £7.1m with pre-tax profit of £320,515. Mitton Aftercare generated pre-tax profit of £424,200 from revenue of £19.3m.
All three firms reported accounts for the year ended 27 January 2022.
Last month, a LinkedIn post from an account now named Mitton Group stated: “Tomorrow marks the start of a new era for Mitton Group… we have a number of colleagues that leave the business today.”
Director Graham Hawe left H. Mitton on 13 July, according to Companies House documents.
Mitton Group declined to comment when approached by Construction News.