Tue, 27 Aug 2024 | ADMINISTRATION
Since our last update, the following businesses have been confirmed as having fallen into administration. All dates indicate when the administration was posted by the Gazette and not necessarily the dates on which administrators were appointed.
The Bark Book Limited – August 21
The Bark Book Limited, trading as Lords and Labradors, a supplier of luxury products for dogs and cats, fell into administration earlier this month, with John Lowe and Nathan Jones of FRP Advisory appointed as joint administrators.
In the company’s accounts for the year to February 28 2023, its fixed assets were valued at £1.7 million and current assets at £1.5 million, while net assets amounted to slightly over £447,000.
Talent Intuition Limited – August 21
Talent Intuition Limited, trading as Stratigens, a talent intelligence software provider, fell into administration last week, with John Cullen and Bethan Evans of Menzies appointed as joint administrators.
The company’s fixed assets were valued at close to £1.8 million in the year to December 31 2023, with current assets valued at around £186,000 and net assets amounted to approximately £1.4 million.
Disruptive Foods Limited – August 22
Disruptive Foods Limited, a manufacturer of street food inspired foods and owner of the Munch! brand, fell into administration last week, with Gareth Wilcox and Paul Harding of Opus Restructuring appointed as joint administrators.
In the company’s accounts for the year ending July 31 2023, its fixed assets were valued at £134,129 and current assets at £1.2 million. However, its net liabilities at the time amounted to more than £54,000.
Read more about M&A in the UK food sector
Grayshott Hotel Limited and Grayshott Hotel Property Limited – August 22
Grayshott Hotel Limited and Grayshott Hotel Property Limited, the companies behind the Grayshott Health Spa in Hindhead Surrey (pictured above), were placed into administration earlier this month, with Stephen Katz, Asher Miller and David Rubin appointed as joint administrators.
The spa hotel closed in 2020 as a result of the impact of the COVID-19 pandemic and has remained vacant since, before being brought to market for an undisclosed sum in February 2024. The property previously traded with extensive spa and leisure facilities, as well as 59 guest bedrooms and 36 treatment rooms.
In the year ending December 31 2022, Grayshott Hotel Limited’s fixed assets were valued at £335,562 and current assets at close to £258,000, but total liabilities amounted to slightly over £7.9 million.
Grayshott Hotel Property Limited’s fixed assets, meanwhile, were valued at approximately £6.5 million and current assets at around £1.6 million, with total liabilities standing at £1.5 million.
Find out more about UK hotel M&A
Northwolds Richardson Group Limited – August 22
Northwolds Richardson Group Limited, a printing company based in Pocklington, fell into administration last week, with Phil Clark and Dave Clark of Clark Business Recovery appointed as joint administrators. The group rebranded last year following the acquisition of Wood Richardson by North Wolds Printers Limited in May 2023.
In the year to December 31 2022, Northwolds’ fixed assets were valued at £303,545 and current assets at around £642,000. Net assets at the time amounted to slightly over £334,000.
Fourbay Structures Limited – August 26
Fourbay Structures Limited, a Norwich-based steelwork contractor, fell into administration earlier this month, with Stuart Morton and Matthew Howard of Price Bailey appointed as joint administrators.
In the company’s accounts for the year ending March 31 2023, its current assets were valued at £4.3 million. However, it owed creditors more than £3.8 million at the time, with net assets standing at £332,506.
More than half of UK construction contractors have been involved in projects impacted by insolvency
Northern Threads Lifestyle Limited – August 26
Northern Threads Lifestyle Limited, a designer menswear firm based in South Shields, fell into administration last week, with Richard Cole and Steve Kenny of KBL Advisory appointed as joint administrators.
In the company’s accounts for the year ending January 31 2023, its fixed assets were valued at £361,502 and current assets at slightly over £200,000. However, amounts owed to creditors at the time left it with net liabilities totalling around £75,000.
Jayex Technology Limited – August 27
Jayex Technology Limited, a developer and provider of healthcare industry service technologies, fell into administration last week, appointing Alexander Kinninmonth and James Prior of FRP Advisory as joint administrators.
In the company’s accounts for the year to December 31 2022, its current assets were valued at around £3.5 million, with net assets valued at slightly over £1 million.
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