Tue, 17 Feb 2026 | ADMINISTRATION
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.
Reisser Limited - February 10
Reisser Limited, a Whaley Bridge-based wholesale distributor of screws, fasteners and drill accessories, fell into administration earlier this month, with Simon Farr and David Hinrichsen of FRP Advisory appointed as joint administrators.
In accounts for the year to March 31 2024, the company reported turnover of £18.1 million, up from £14.4 million a year earlier, while operating profit rose from £585,000 to around £603,000. Current assets were valued at £13 million at the time, with net assets amounting to approximately £2.2 million.
Crenoon Limited - February 10
Crenoon Limited, a Fenton-based car rental company trading as Afford Rent-a-Car, fell into administration earlier this month, with Steven Currie and Sophie Murcott of Currie Young appointed as joint administrators.
In accounts for the year to September 30 2024, the company’s fixed assets were valued at around £16.5 million and current assets at £2.2 million, with total equity amounting to £2.4 million.
A.L.N. Carpentry & Joinery Limited - February 11
A.L.N. Carpentry & Joinery Limited, a Newmarket-based carpentry and joinery company, 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 March 31 2025, the company’s fixed assets were valued at around £856,000 and current assets at £7.6 million, with net assets amounting to approximately £1.3 million.
Pan Marketing Limited - February 11
Pan Marketing Limited, a marketing agency based in Sidcup, fell into administration during the first week of February, with Martin Armstrong and Andrew Bailey of Turpin Bailey Armstrong appointed as joint administrators and James Hopkirk of Kreston Reeves appointed as additional joint administrator.
In accounts for the year to July 31 2024, the company’s fixed assets were valued at close to £334,000 and current assets at around £4.8 million, with total equity totalling slightly under £1.6 million.
Citihome Glasgow Limited - February 12
Citihome Glasgow Limited, the company behind an aparthotel and serviced apartments building in Glasgow, fell into administration last week, with Asher Miller and Stephen Katz of Begbies Traynor appointed as joint administrators.
In accounts for the year to September 30 2024, the company’s assets totalled around £6.5 million, but net liabilities exceeded £225,000.
Wye Finance Co Limited - February 13
Wye Finance Co Limited, a car finance and loan company based in Hereford, fell into administration last week, with Lee Manning and Mark Supperstone of S&W Partners appointed as joint administrators.
In accounts for the year to December 31 2024, the company reported turnover of £886,510, up from £786,259, while operating profit rose from £178,000 to close to £183,000. Total assets were valued at around £6.4 million, with total shareholders’ funds amounting to £673,564.
Fulcrum IT Partners Limited, Fulcrum Pegasus Prodec Exchange Co Limited and Fulcrum Pegasus Pure Exchange Co Limited - February 16
Fulcrum IT Partners Limited, Fulcrum Pegasus Prodec Exchange Co Limited and Fulcrum Pegasus Pure Exchange Co Limited, a trio of holding companies based at 51 Lime Street, London, fell into administration last week. Robert Fishman and Gavin Maher of Teneo Financial Advisory were appointed as joint administrators of all three companies.
Fulcrum IT Partners Limited is a holding company formed to acquire IT solution companies across the cybersecurity, cloud and consumption-based IT and managed services markets. In the year to December 31 2023, the group reported revenue of £127.5 million, up from £28.8 million a year earlier, but saw operating losses widen from £2.7 million to around £8.9 million.
Non-current assets totalled £43.5 million and current assets approximately £36.1 million, with total equity standing at around £79.6 million.
Fulcrum Pegasus Prodec Exchange Co Limited and Fulcrum Pegasus Pure Exchange Co Limited are both non-trading holding companies. In the year to December 31 2023, Fulcrum Pegasus Prodec Exchange Co Limited held £12.6 million in total equity, while Fulcrum Pegasus Pure Exchange Co Limited reported total equity of £14.3 million.
21:12 Communications Limited - February 16
21:12 Communications Limited, a London-based advertising agency, fell into administration earlier this month, with Andrew Pear and Michael Solomons of Moorfields appointed as joint administrators.
In accounts for the year to December 31 2023, the company’s fixed assets were valued at £105,000 and current assets at approximately £1.1 million, with net assets amounting to roughly £160,000.
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