UK administrations update: November 19 – 26

Since our last update, the following businesses have been confirmed as having fallen into administration. All dates indicate when the administration was announced and not necessarily the dates on which administrators were appointed.

Calder Peel Partnership Limited – November 19
Calder Peel Partnership Limited, an Altrincham based architects practice, fell into administration earlier this month, with Ronan Duffy of McCambridge Duffy appointed as administrator.

In accounts for the year to March 31 2023, the company’s fixed assets were valued at approximately £60,000 and current assets at £1.2 million, with net assets amounting to around £806,000.

Camstead Homes – November 20
Camstead Homes, a housebuilding group based in Leeds, fell into administration last week after encountering insurmountable trading difficulties. James Clark and Howard Smith of Interpath Advisory were appointed as joint administrators of group companies Camstead Limited, Scotfield Group Limited and Yelcon Limited.

The group, which specialised in residential developments in prime and rural locations, had three developments underway, in Derwenthorpe, Shepley and Adel, at the time of its collapse. The joint administrators are now exploring options for the sites.

In accounts for the year to December 31 2022, Camstead Limited’s assets were valued at £24.3 million, with total equity of £7.2 million. For the same period, Scotfield Group Limited’s fixed assets were valued at £1.5 million and current assets at around £2.1 million, with net liabilities standing at more than £5.1 million.

Yelcon Limited reported turnover of approximately £20 million for the same period, with pre-tax profits of around £642,000. At the time, its assets were valued at £30.4 million, with net assets amounting to around £9.2 million.

Palmers Green Developments Limited – November 21
Palmers Green Developments Limited, a construction development firm based in Manchester, fell into administration earlier this month, with Colin Wilson and Trevor Binyon of Opus Restructuring appointed as joint administrators.

In accounts for the year to December 31 2022, the company’s current assets were valued at £7.4 million, but debts meant that its net liabilities amounted to approximately £239,000.

KRF Services (UK) Limited – November 21
KRF Services (UK) Limited, a services business based in Hertfordshire, fell into administration earlier this month, appointing Anthony Clark and Stephen Cork of Cork Gully as joint administrators.

In accounts for the year to December 31 2021, the company reported turnover of £20.2 million, up from £13.2 million a year earlier, and post-tax profits of approximately £638,000, up from £560,000.

At the time, its fixed assets were valued at around £855,000 and current assets at £6.4 million, with net assets standing at just under £4.8 million.

Advanced Optical Limited – November 22
Advanced Optical Limited, an Amersham-based manufacturer of prescription lenses, fell into administration last week, with Steven Ross and Allan Kelly of FRP Advisory appointed as joint administrators.

In accounts for the year to June 30 2022, the company’s fixed assets were valued at £1.8 million and current assets at slightly under £1 million, with net assets standing at £2.1 million.

MBAC Realisations 2024 Limited – November 22
MBAC Realisations 2024 Limited, a London-based talent solutions agency trading as Talmix, fell into administration earlier this month, appointing Joseph Colley and John Dickinson of CBW Recovery as joint administrators.

In accounts for the year to December 31 2022, the company’s fixed assets were valued at around £464,000 and current assets at close to £1.6 million. However, its net liabilities at the time totalled approximately £12.4 million.

Lexon (G.B.) Limited – November 22
Lexon (G.B.) Limited, a printing company based in Crumlin, fell into administration last week, with Susan Clay and Huw Powell of Begbies Traynor appointed as joint administrators.

According to group Managing Director Garth Davis, the decision to appoint administrators resulted from a range of negative factors, including rising input costs and late payments, which had combined to make the company unprofitable.

In accounts for the year to October 31 2023, the company’s fixed assets were valued at £2 million and current assets at £1.9 million, with net assets standing at around £446,000.

Lumos Telecom Limited – November 22
Lumos Telecom Limited, a Renfrewshire-based telecoms business, fell into administration last week, with Geoffrey Jacobs and Alistair McAlinden of Interpath Advisory appointed as joint administrators.

In accounts for the year ending March 31 2024, the company’s assets were valued at close to £2.8 million, with net assets standing at around £968,000.

Allplants Limited – November 25
Allplants Limited, a frozen plant-based meal delivery company, fell into administration last week, with William Wright and Howard Smith of Interpath Advisory appointed as joint administrators.

Prior to the appointment of administrators, the company had reportedly sought advice from Interpath in an effort to secure a rescue deal. However, these efforts failed, with the company’s 65 staff made redundant upon the appointment of administrators, who will now seek a buyer for the remaining assets. The company’s collapse came following a lengthy spell of “trading headwinds” and a period of sustained losses.

In accounts for the seven months ending March 31 2023, the company reported turnover of £4.1 million, but fell to a post-tax loss of £9.7 million. At the time, its fixed assets were valued at £10.8 million and current assets at £3.4 million, with net assets standing at slightly over £1 million.

Find out more about the collapse of Allplants

Cricklewood Carriers Management Co Limited – November 26
Cricklewood Carriers Management Co Limited, a taxi operation firm based in London, fell into administration last week, with Nicola Banham and Matthew Richards of Azets appointed as joint administrators.

In accounts for the year to February 28 2023, the company’s fixed assets were valued at slightly over £3 million and current assets at approximately £20,000. However, its net liabilities at the time amounted to nearly £1.1 million.

B.S. Steels Limited – November 26
B.S. Steels Limited, a Hampshire-based metalwork company trading as Building Steel Solutions, fell into administration last week, appointing Stewart Goldsmith and Carl Faulds of Leonard Curtis as joint administrators.

In accounts for the year ending November 30 2023, the company’s fixed assets were valued at around £418,000 and current assets at approximately £2.7 million, with net assets amounting to around £1.7 million.

Pixipixel Rental Limited – November 26
Pixipixel Rental Limited, a London-based company providing camera and lighting equipment hire for the advertising, film and television industries, fell into administration last week, with Andrew Hook and Anne Palmer of Begbies Traynor appointed as joint administrators.

In a statement, the company stated that it had closed down “due to significant challenges facing our industry”, adding that "2024 has been one of the toughest years to endure”.

In accounts for the year to October 31 2022, the company reported turnover of £8.5 million and post-tax profits of £2.1 million. At the time, its fixed assets were valued at £7.3 million and current assets at approximately £1.3 million, with net assets amounting to £2.6 million.


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