UK administrations update: August 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.

Clerma (GB) Limited - August 20
Clerma (GB) Limited, an operator of two footwear and accessories retail stores in London, trading as Clergerie, fell into administration earlier this month, with William Batty and Hugh Jesseman of Anthony Batty & Company appointed as joint administrators.

In accounts for the year to December 31 2022, the company reported turnover of £1.3 million, up from around £884,000 the year earlier, while moving from a post-tax loss of around £96,000 to a profit of approximately £1.6 million.

At the time, the firm’s assets were valued at around £846,000, but net liabilities exceeded £87,000.

Jolliffe & Co LLP - August 21
Jolliffe & Co LLP, a solicitors firm based in Chester that had been trading since 1866, fell into administration last week, with Hilary Pasco and Andrew Poxon of Leonard Curtis appointed as joint administrators.

In accounts for the year to March 31 2024, the company’s assets were valued at slightly over £1 million, with net assets amounting to £276,545.

Mizen Developments Limited - August 21
Mizen Developments Limited, a property developer based in Isleworth, fell into administration last week, with Sean Bucknall and Elias Paourou of Quantuma Advisory appointed as joint administrators.

In accounts for the year to July 31 2023, the company’s fixed assets were valued at around £2.7 million and current assets at slightly over £240,000, with net assets standing at marginally less than £885,000.

Bricks Silverstone Land Limited and Bricks Silverstone Propco Limited - August 22
Bricks Silverstone Land Limited and Bricks Silverstone Propco Limited, construction developers based in Towcester, fell into administration earlier this month, with Ian Corfield and Simon Baggs of FRP Advisory appointed as joint administrators.

In accounts for the year to December 31 2023, Bricks Silverstone Land Limited’s assets were valued at around £14.4 million, while net assets amounted to £9.4 million. During the same period, Bricks Silverstone Propco Limited’s fixed assets were valued at £56.7 million and current assets at £630,542, but net liabilities amounted to £4 million.

Tunham Limited - August 22
Tunham Limited, a business support services firm based in London, fell into administration earlier this month, with Matthew Mills and James Saunders of KR8 Advisory appointed as joint administrators.

In accounts for the year to December 31 2023, the company’s current assets were valued at £12.9 million, but net liabilities stood at approximately £28.3 million.

Aethel Care Homes Limited - August 22
Aethel Care Homes Limited, a care home operator based in London, fell into administration earlier this month, with Philip Stephenson, Oliver Haunch and Daniel Smith of Grant Thornton appointed as joint administrators.

In the year to April 30 2023, when the company was trading as Chanctonbury Health Care Limited, it reported turnover of around £5.5 million, approximately level with the previous year, but fell from a post-tax profit of around £428,000 to a loss of nearly £1.5 million.

At the time, its fixed assets were valued at £12.4 million and current assets at £529,000, with net assets standing at £2.6 million.

Grade (UK) Limited - August 22
Grade (UK) Limited, a manufacturer and supplier of television antennas to the caravan, motor home and marine market trading as Vision Plus, fell into administration earlier this month, appointing Jamie Playford and Michael Roome of Leading as joint administrators.

In accounts for the year to December 31 2023, the company’s fixed assets were valued at £1.1 million and current assets at around £1.2 million, with net assets standing at slightly under £2.1 million.

Ananas Anam UK Limited - August 26
Ananas Anam UK Limited, a London-based provider of low impact textile solutions, fell into administration last week, with Neil Bennett and Alex Cadwallader of Leonard Curtis appointed as joint administrators.

In accounts for the year to December 31 2023, the company’s fixed assets were valued at £4.4 million and current assets at around £2 million, with net assets amounting to £5.3 million.


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