UK administrations update: December 16 - 22

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.

Leon Restaurants Limited - December 16
Leon Restaurants Limited, a prominent UK healthier fast food chain, fell into administration earlier this month, with Andrew Andronikou, Brian Burke and Michael Kiely of Quantuma Advisory appointed as joint administrators.

The collapse of the chain, which has more than 50 UK restaurants, comes less than two months after it was re-acquired from Asda by original co-founder John Vincent. The business has underperformed in recent years, amid internal challenges, tax increases and changing commuter habits since COVID-19. Asda’s ownership was also publicly criticised by Leon’s original founders, who suggested its founding values we
re being undermined.

In the year to December 31 2024, Leon Restaurants Limited reported turnover of £62.4 million, down from £64.9 million a year earlier, while operating losses fell from £17.8 million to around £6.5 million. At the time, its fixed assets were valued at £5.9 million and current assets at £6.9 million. The company’s net liabilities, however, totalled over £30.3 million.

Find out more about Leon’s collapse

Mojo Bridge Limited - December 16
Mojo Bridge Limited, a television post-production firm trading as Halo Post Production / Evolutions, fell into administration earlier this month, with Nick Parsk of Oury Clark appointed as administrator.

In accounts for the year to December 31 2024, the company’s fixed assets were valued at around £439,000 and current assets at £2.5 million. However, its net liabilities exceeded £2.2 million.

Toolstream Limited and Group Silverline Limited - December 16
Toolstream Limited, a Yeovil-based supplier of power tools, hand tools and workwear, fell into administration earlier this month, alongside parent company Group Silverline Limited, with Hywel Phillips and Gavin Park of Teneo Financial Advisory appointed as joint administrators of both companies.

The companies had reportedly faced challenging trading conditions in the wake of the global supply chain crisis that followed the COVID-19 pandemic. This resulted in limited stock availability which had an adverse impact on profitability. Efforts to secure funding necessary for the business to continue trading proved unsuccessful, leading to the appointment of administrators.

The joint administrators have paused trading while gauging interest in the companies’ assets from potential buyers. In the year to July 31 2023, Toolstream Limited reported turnover of around £57.8 million, down from £70.3 million a year earlier, while its operating losses widened from £2.1 million to £10.8 million. At the time, its fixed assets were valued at £2.7 million and current assets at £45.4 million. Net assets, however, amounted to just £755,000.

In Group Silverline Limited’s accounts for the same period, turnover stood at £67.5 million, down from around £77 million a year earlier, while operating losses increased from £3.3 million to £14.2 million. Fixed assets were valued at £12.5 million and current assets at £35 million, but net liabilities totalled nearly £4.4 million.

Find out more: Assets available as £58m-turnover tools supplier falls into administration

Coastal Workboats Scotland Limited - December 16
Coastal Workboats Scotland Limited, a Stornoway-based builder of workboats, fell into administration earlier this month, with Michelle Elliot and Graham Smith of FRP Advisory appointed as joint administrators.

In accounts for the year to June 30 2025, the company’s fixed assets were valued at £6.2 million and current assets at £4.1 million. However, net liabilities exceeded £2.2 million.

Muira Limited - December 18
Muira Limited, a Peterborough-based property development company, fell into administration earlier this month, appointing Mark Tailby and Craig Ridgley of Mercian Advisory as joint administrators.

In accounts for the year to July 31 2024, the company’s fixed assets were valued at £1.4 million and current assets at £1.3 million, while net liabilities amounted to £1.9 million.

Reade Signs Limited - December 18
Reade Signs Limited, a signage firm based in London, fell into administration earlier this month, with David Kemp and Richard Hunt of Exigen Group appointed as joint administrators.

In accounts for the year to April 29 2025, the company’s fixed assets were valued at around £654,000 and current assets at £1.4 million, with net assets coming to approximately £312,000.

South Molton Transport Limited - December 19
South Molton Transport Limited, a Devon-based freight transport firm, fell into administration last week, with Jack Callow and Mark Siddall of Opus Restructuring appointed as joint administrators.

In accounts for the year to August 31 2024, the company’s fixed assets were valued at £1.8 million and current assets at approximately £3 million, while net assets amounted to slightly over £683,000.

Symbioco Limited - December 19
Symbioco Limited, a London-based hygiene products manufacturer trading as Planera, fell into administration earlier this month, with Rebecca Dacre and Guy Hollander of Forvis Mazars appointed as joint administrators.

In accounts for the year to June 30 2024, the company’s fixed assets were valued at around £2.9 million and current assets at close to £1.3 million, while net assets totalled approximately £3.7 million.

Lifecycle Oils Limited - December 19
Lifecycle Oils Limited, an oil recycling and disposal firm based in the West Midlands, fell into administration earlier this month, with Michael Denny and Michael Magnay of Alvarez & Marsal appointed as joint administrators.

In accounts for the year to December 31 2023, the company’s fixed assets were valued at £1.5 million and current assets at approximately £8.5 million. However, the company’s net liabilities totalled close to £3.5 million at the time.

Manus Neurodynamica Limited - December 22
Manus Neurodynamica Limited, a medical technology company based in Newcastle-upon-Tyne, fell into administration last week, with Martyn Pullin and Bhuvnesh Majupuria of FRP Advisory appointed as joint administrators.

In accounts for the year to August 31 2024, the company’s fixed assets were valued at around £255,000 and current assets at £1.1 million, with net assets totalling £1.2 million.

Innovation Control (Property) Limited - December 22
Innovation Control (Property) Limited, a real estate company based in Hyde, fell into administration last week, with Lila Thomas and Jessica Leeming of FRP Advisory appointed as joint administrators.

In accounts for the year to December 31 2024, the company’s total assets were valued at £11.5 million, with net assets amounting to £2.2 million.

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