UK administrations update: December 30 - January 5

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.

Sixes Cricket Limited and Motherclub Limited - December 30
Sixes Cricket Limited, an operator of cricket simulator-based bars, fell into administration in December, with Alastair Massey and Alastair Wright of FRP Advisory appointed as joint administrators. Massey and Wright were also appointed as joint administrators of parent company Motherclub Limited on the same day.

The collapse of the company, which was backed by 4Cast, an investment group founded by England Test cricket captain Ben Stokes and a number of other former and current England players, came following a challenging trading period.

The company operated 16 venues across England, including a number of bars in London and sites in Manchester, Oxford, Bristol and Bournemouth. Since the appointment of administrators, the business’ Southampton location has closed down, but the remaining venues and franchises remained open throughout the festive season.

In accounts for the year to August 31 2024, Sixes Cricket Limited reported turnover of £10.2 million, up from £7.1 million a year earlier, but saw operating losses widen from around £745,000 to £1.5 million. At the time, its fixed assets were valued at £8 million and current assets at £2.2 million. Net liabilities, however, totalled £5.6 million.

In accounts for the same period, Motherclub Limited reported turnover of £11.4 million, up from £7.5 million a year earlier, while cutting operating losses from £1.7 million to slightly under £1.5 million. At the time, its total equity was £2.7 million.

Teesside Green Energy Park Limited - December 31
Teesside Green Energy Park Limited, the company behind a planned green energy facility in Teesside, fell into administration last month, with David Shambrook, Gordon Thomson and Stephanie Sutton of RSM UK Restructuring Advisory appointed as joint administrators.

In accounts for the year to December 31 2024, the company’s fixed assets were valued at approximately £12 million, with current assets amounting to around £956,000. At the time, however, its net liabilities exceeded £595,000.

Recom Surfacing Limited - December 31
Recom Surfacing Limited, an asphalt contractor based in Oxfordshire, fell into administration last month, with Alan Coleman and Marco Piacquadio of FTS Recovery appointed as joint administrators.

In accounts for the year to June 30 2024, the company’s fixed assets were valued at around £1.1 million and current assets at £2.7 million, with net assets standing at slightly more than £177,000.

At the time, its fixed assets were valued at close to £2.1 million and current assets at £921,000, but net liabilities exceeded £5 million.

APiC UK Limited - December 31
APiC UK Limited, a window manufacturer based in the West Midlands, fell into administration last month, with Wayne MacPherson and Amie Johnson of Begbies Traynor appointed as joint administrators.

In accounts for the year to December 31 2023, the company reported turnover of £28.2 million, up from £19.2 million a year earlier, while operating profit increased from £1.1 million to £1.7 million.

At the time, its fixed assets were valued at around £951,000 and current assets at £12.8 million, with total equity amounting to £4.3 million.

Industrial Water Jetting Systems Limited - January 5
Industrial Water Jetting Systems Limited, a sewer services, waste management and industrial cleaning services company based in Blackpool, fell into administration last month, with Peter Harold of Bespoke Insolvency Solutions appointed as administrator.

In accounts for the year to March 31 2024, the company reported turnover of around £17.3 million, down from £33.5 million a year earlier, but bounced back from an operating loss of £14.3 million in 2023 to record an operating profit of £21.3 million.

At the time, its fixed assets were valued at around £7.1 million and current assets at £9.9 million, with net assets amounting to £4.5 million.

Home Leisure Direct Limited - January 5
Home Leisure Direct Limited, a Bristol-based retailer of home and commercial leisure products, fell into administration last week, with Simon Girling and Kiri Holland of BDO appointed as joint administrators.

In accounts for the 18 months to September 30 2024, the company reported turnover of around £16.6 million, compared to £12.4 million in the year to March 31 2023, while seeing operating losses widen from approximately £26,000 to slightly more than £1 million.

At the time, its fixed assets were valued at around £853,000 and current assets at £3.5 million, but net liabilities totalled approximately £1.1 million.

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