UK administrations update: August 27 – September 3

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.

G J F Fabrications Limited – August 27
G J F Fabrications Limited, a metal fabrication firm based in Walsall, fell into administration in August, with Jon Roden, Rob Parker and Helen Dale of Grant Thornton appointed as joint administrators.

The company was a designer and manufacturer of steel hooklift containers, compactors and skips, which were used by major national waste and recycling companies. It had reportedly faced challenging trading conditions over recent months, with the director concluding that entering insolvency proceedings was the best option for the company.

Upon the appointment of the joint administrators, 56 of the company’s 62 employees were made redundant. The joint administrators are now focused on securing the company’s assets and realising them for the benefit of creditors.

In accounts for the year to March 28 2023, G J F reported turnover of around £7.7 million, down from £8.5 million, while its pre-tax losses increased from approximately £245,000 to around £575,000.

At the time, its fixed assets were valued at £237,521 and current assets at approximately £2.5 million. However, its net liabilities at the time totalled more than £4 million.

Adludio Limited – August 27
Adludio Limited, an AI-powered mobile advertising platform, fell into administration last month, with William Tait and Simon Girling of BDO appointed as joint administrators.

In the company’s accounts for the year to December 31 2022, its fixed assets were valued at around £205,000 and current assets at just under £4.4 million, with net assets amounting to around £1.7 million.

H2GO Power Limited – August 28
H2GO Power Limited, a London-based cleantech company that delivers hydrogen energy from renewable sources, fell into administration in August, with David Taylor and Paul Ellison of KRE Corporate Recovery appointed as joint administrators.

In the company’s accounts for the year ending April 30 2023, its current assets were valued at approximately £1.9 million, with total assets amounting to around £1.3 million.

Braithwaite Construction Group Limited – August 28
Braithwaite Construction Group Limited, a construction firm based in Liverpool, fell into administration last month, appointing Dane O’Hara and Alex Cadwallader of Leonard Curtis as joint administrators.

In the company’s accounts for the year to February 28 2023, its assets were valued at around £1.2 million, with net assets amounting to slightly over £334,000.

More than half of UK construction contractors have worked on projects impacted by insolvency

RNB (Group) Limited – August 29
RNB (Group) Limited, a print, direct mail and fulfilment provider based in Leeds, fell into administration in August, with Robert Maxwell and Louise Longley of Begbies Traynor appointed as joint administrators.

In the company’s accounts for the year to September 30 2022, its fixed assets were valued at nearly £1.6 million and current assets at approximately £1.4 million. However, its net liabilities at the time amounted to around £270,000.

Beverley Way Developments Limited – August 29
Beverley Way Developments Limited, a construction development firm based in London, fell into administration last month, appointing Nicola Baker of Rushtons Insolvency as administrator. In its accounts for the year to October 31 2022, its current assets were valued at approximately £47.8 million.

JLF Moving Solutions Limited – August 29
JLF Moving Solutions Limited, a removals company based in Burntwood, fell into administration in August, with Emma Mifsud and Nicholas Ranson of Opus Restructuring appointed as joint administrators.

In accounts for the year ending March 30 2023, its fixed assets were valued at around £490,000, with current assets standing at £1.09 million. At the time, however, its total liabilities amounted to more than £419,000.

The Burdens Group Limited – August 30
The Burdens Group Limited, a tractor and agricultural machinery dealer based in Lincolnshire, fell into administration last month, with Gareth Rusling and Robert Dymond of Begbies Traynor appointed as joint administrators.

In accounts for the year ending December 31 2022, the company reported turnover of £24.9 million, down from £25.4 million a year earlier, and fell from a pre-tax profit of nearly £50,000 to a loss of nearly £398,000.

At the time, the company’s directors stated that, despite a positive start to the year, supply chain issues, an economic downturn for many growers following the start of Russia’s war in Ukraine, uncertainty on 2023 harvest input costs and rising interest rates, meant that the firm failed to meet its forecasts during the final third of the year.

At the time, its fixed assets were valued at £4 million and current assets at £11.6 million, with net assets amounting to around £1.2 million.

The company’s South Lincolnshire sites in North Kyme and Sutterton were subsequently acquired out of administration by Ernest Doe & Sons

C G Godfrey Limited – September 2
C G Godfrey Limited, a civil, mechanical and electrical engineering contractor based in Lincolnshire, fell into administration last week, with Duncan Beat and Andrew Watling of Quantuma Advisory appointed as joint administrators.

In accounts for the year to December 31 2022, its fixed assets were valued at around £853,000 and current assets at slightly over £936,000, with net assets standing at approximately £1.3 million.

Bugibba Independent Limited – September 2
Bugibba Independent Limited, a manufacturing business of doughnut producer and retailer Project D, fell into administration last week, with Jessica Thomas and Philippa Smith of Smith & Barnes Insolvency Practitioners appointed as joint administrators.

Project D director Max Poynton attributed the administration to challenges the business had faced over the past year, including minimum wage and raw material cost increases and a decline in revenue amid the cost-of-living crisis.

In accounts for the year to March 31 2023, Bugibba Independent Limited’s fixed assets were valued at slightly over £657,000 and current assets at around £381,000. At the time, its net assets stood at approximately £123,000.

Find out more about Bugibba Independent’s collapse

Pad Printers Limited – September 3
Pad Printers Limited, a manufacturer and supplier of restaurant food order check pads to the hospitality sector, fell into administration last week, appointing Katy McAndrew and Andrew Knowles of Leonard Curtis as joint administrators.

In accounts to March 31 2023, the company’s fixed assets were valued at around £330,000, with current assets standing at close to £536,000 and net assets amounting to slightly over £125,000.


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