Tue, 10 Jun 2025 | 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.
Drydrinker Limited – June 4
Drydrinker Limited, a retailer of low and no-alcohol drinks, fell into administration last week, with Nick Parsk and Carrie James of Oury Clark Chartered Accountants appointed as joint administrators.
In accounts for the year to December 31 2023, the company’s assets were valued at around £718,000, but net liabilities totalled close to £388,000.
English Architectural Glazing Limited and Multi Fab Limited – June 5
English Architectural Glazing Limited (EAG), a Suffolk-based cladding specialist, fell into administration at the end of May, alongside its curtain walling manufacturing subsidiary Multi Fab Limited, with Robert Ferne and Jeremy Karr of Begbies Traynor appointed as joint administrators of both companies.
The companies succumbed to increasingly difficult trading conditions in the construction sector. Despite generating turnover of £21.7 million in 2023, up from £15.1 million a year earlier, EAG was unable to trade profitably, recording a loss of close to £320,000 in 2023.
At the time, EAG’s fixed assets were valued at £177,000 and current assets at £7.7 million, with net assets standing at around £793,000.
Find out more about EAG’s collapse
Homes Direct 365 Limited – June 6
Homes Direct 365 Limited, an online furniture retailer based in County Durham, fell into administration in late May, with Steve Kenny and Richard Cole of KBL Advisory appointed as joint administrators.
In accounts for the year to May 31 2024, the company’s fixed assets were valued at around £204,000 and current assets at slightly over £2 million, while net assets stood at around £250,000.
Elements (Europe) Limited – June 6
Elements (Europe) Limited, an offsite construction specialist based in Shropshire, fell into administration last week, with Samuel Birchall and Stephen Absolom of Interpath appointed as joint administrators.
The company, which had previously operated a subcontractor, took on two construction projects as main contractor in 2021. These projects both became loss making, resulting in the firm having a major cash requirement.
Efforts to secure a sale, investment or refinancing were unsuccessful, forcing the company to enter administration. 141 of the firm’s 217 staff were made redundant upon the appointment of the joint administrators. The joint administrators said that work on ongoing projects in East London and Birmingham would be paused while they explore options to rescue all or parts of the business.
In the firm’s 2023 accounts, it reported revenue of £42 million, up from £21.9 million in the previous year, but post-tax losses soared from £5.7 million to £29.5 million. It’s total assets at the time were valued at more than £30 million, but net liabilities exceeded £17.5 million.
Find out more about Elements’ collapse into administration
Kynaston Contract Services Limited – June 6
Kynaston Contract Services Limited, a cladding and roofing fitting services provider, fell into administration last week, with Robert Dymond and Joanne Hammond of Begbies Traynor appointed as joint administrators.
In accounts for the year to March 31 2024, the company’s fixed assets were valued at around £756,000 and current assets at £2.4 million, with net assets standing at £1.7 million.
CCM Motorcycles (UK) Limited – June 9
CCM Motorcycles (UK) Limited, a Bolton-based manufacturer of specialist motorcycles, fell into administration last week, with James Saunders and Michael Lennon of KBL Advisory appointed as joint administrators.
Saunders and Lennon were also appointed as joint administrators of a number of connected companies, including Clews & Sons Limited, Jumptec Limited, Alegatum Limited and holding companies Project Black Investor Newco 2 Limited and Project Black Investor Newco 3 Limited.
The company had reportedly faced increasingly challenging trading conditions that have affected the wider motorcycle manufacturing industry. Last year, the company manufactured just 150 motorcycles, compared to its previous average of around 300, and over recent months had reduced its workforce down to just 12 staff.
In accounts for the year ending March 31 2024, the company’s fixed assets were valued at £573,605 and current assets at approximately £1.5 million, with net assets standing at around £1.1 million.
Find out more about the collapse of CCM Motorcycles
Plants365 Limited – June 10
Plants365 Limited, a plant materials supplier based in Spalding, fell into administration last week, with Tyrone Courtman and Deviesh Raikundalia of RSM UK Restructuring Advisory appointed as joint administrators.
In accounts for the year to June 30 2023, the company’s assets were valued at around £1.2 million, but net liabilities exceeded £255,000.
R.E.M. (UK) Limited – June 10
R.E.M. (UK) Limited, a Lancashire-based manufacturer of salon, spa and barber furniture, fell into administration last week, with Mike Dillon and Andrew Knowles of Leonard Curtis appointed as joint administrators.
In accounts for the year to September 30 2023, the company’s fixed assets were valued at around £280,000 and current assets at approximately £4.2 million, with total equity amounting to slightly over £2.1 million.
Thomas Storey Fabrications Group Limited – June 10
Thomas Storey Fabrications Group Limited, a Manchester-based steel fabrication group, fell into administration last week, appointing Christopher Ratten and Gareth Harris of RSM UK Restructuring Advisory as joint administrators.
In accounts for the year to July 31 2024, the company reported turnover of £12 million, down from around £17.6 million a year earlier, and saw operating profit drop from around £670,000 to £316,000.
In the report, group directors stated that turnover has been impacted by a number of factors, including “a general recession within the construction industry together with key customers making decisions to relocate facilities and to move a large percentage of work offshore.”
At the time, the group’s fixed assets were valued at £1.5 million and current assets at £4 million, with net assets amounting to approximately £780,000.
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