Tue, 31 Mar 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.
Property companies linked to Market Financial Solutions
Property companies owning high-end central London homes and linked to collapsed bridging lender Market Financial Solutions (MFS) have continued to enter administration over the past week.
David Hudson and Simon Baggs of FRP Advisory and Paul Cooper of BTG Begbies Traynor have been appointed as joint administrators of many of the companies, which are primarily registered to 134 Buckingham Palace Road, London, the former address of MFS.
The joint administrators are reviewing the portfolio of properties and working with MFS creditors to maximise recoveries.
Atomic London Limited - March 24
Atomic London Limited, an advertising agency based in London, fell into administration earlier this month, with Anthony Wright and Philip Armstrong of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at around £295,000 and current assets at close to £2.2 million, with net assets totalling approximately £79,000.
Seymour Capital Limited - March 25
Seymour Capital Limited, a hotels and accommodation business based in Gerrards Cross, fell into administration earlier this month, appointing Robert Maxwell and Julian Pitts of BTG Begbies Traynor as joint administrators.
In accounts for the year to December 31 2024, the company reported turnover of £2.4 million, roughly level with the previous year, while operating profit increased from £473,000 to around £513,000.
At the time, the company’s fixed assets were valued at approximately £11.9 million and current assets at slightly over £75,000, with net assets totalling around £1.4 million.
Ilesbus . UK Limited - March 25
Ilesbus . UK Limited, a Swansea-based minibus supplier, fell into administration last week, with Huw Powell, Andrew Hook and Paul Wood of BTG Begbies Traynor appointed as joint administrators.
The collapse of the company, which sold vehicles manufactured by Turkish-based Ilesbus in the UK, followed a winding up petition from HMRC.
In accounts for the year to May 31 2024, the company reported turnover of approximately £19.6 million, up from £12.9 million a year earlier. However, it fell from an operating profit of around £354,000 to a loss of approximately £1.5 million, following what directors called “a very difficult year”.
At the time, its fixed assets were valued at around £1.4 million and current assets at £6.9 million, but net liabilities totalled close to £306,000.
Shojin Financial Services Limited and Shojin Property Partners Limited - March 26
Shojin Financial Services Limited and Shojin Property Partners Limited, a real estate investment platform based in London, fell into administration last week, with Ian Corfield and Simon Carvill-Biggs of FRP Advisory appointed as joint administrators.
In the year to June 30 2024, Shojin Property Partners Limited reported turnover of £3.7 million, up from £2.2 million a year earlier, while operating profit increased from £234,000 to around £548,000.
Fixed assets were valued at around £690,000 and current assets at £10.2 million, with net assets amounting to £105,672.
In the year to June 30 2025, Shojin Financial Services Limited’s fixed assets were valued at slightly more than £104,000 and current assets at £3.2 million, with net assets totalling £2.9 million.
Westbridge Furniture Limited and Belfield Leisure Limited - March 26
Westbridge Furniture Limited and Belfield Leisure Limited, a pair of furniture businesses forming part of the Derbyshire-headquartered Belfield Group, fell into administration last week, with Christopher Pole and William Wright of Interpath Advisory appointed as joint administrators.
The collapse of the businesses came a little over a year after they were incorporated through a pre-pack deal when the business and assets of Westbridge Furniture Designs Limited and Belfield Furnishings Limited were acquired alongside other trading entities of The Belfield Group Limited.
Administrators cited a range of factors, including operational disruption, the loss of a key customer, weak trading and fragile consumer confidence as having led to the administration. The joint administrators will continue trading both businesses while exploring options for a sale.
Find out more about the collapse of Westbridge Furniture and Belfield Leisure
Reform Polythene Limited - March 27
Reform Polythene Limited, a Stevenage-based manufacturer of plastic packaging, fell into administration earlier this month, with Miles Needham and Andy John of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at around £387,000 and current assets at approximately £3.6 million, with total equity amounting to £1.4 million.
B. Print & Display Limited - March 27
B. Print & Display Limited, a printing company based in Northumberland, fell into administration last week, with Steven Ross and Shaun Hudson of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at £3.6 million and current assets at £4.8 million, while net assets totalled £386,000.
SKS Bailey Group Limited - March 27
SKS Bailey Group Limited, an accountancy and tax advisory firm based in Richmond Upon Thames, fell into administration last week, with Andrew Tate and James Hopkirk of Kreston Reeves appointed as joint administrators.
In accounts for the year to November 27 2024, the company reported revenue of just under £2.5 million, down from £3.3 million a year earlier, while operating losses widened from £1.3 million to around £3.7 million.
The company’s non-current assets were valued at £2.6 million and current assets at around £765,000, while total equity amounted to £3.4 million.
Sankey Holding Limited, moveero Limited and Autostructures UK Limited - March 27
Sankey Holding Limited, moveero Limited and Autostructures UK Limited, businesses comprising the UK operating entities of off-highway wheels manufacturer moveero, fell into administration last week.
The business has faced an array of challenges over recent years as a result of downward pricing pressure, a weakened off-highway market and strong competition from rivals. Administrators are now seeking buyers for the businesses and assets.
Find out more about the collapse of moveero’s UK business and the opportunity to acquire assets here
PDD Group Limited - March 30
PDD Group Limited, a London-based innovation consultancy, fell into administration earlier this month, with Charles Turner and Allister Manson of Opus Restructuring appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s assets were valued at around £3.3 million, with total equity standing at approximately £976,000.
Shaftec Automotive Components Limited - March 30
Shaftec Automotive Components Limited, an automotive parts company based in Birmingham, fell into administration last week, with Anthony Collier and Richard Goodall of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company reported turnover of £15.9 million, up from £14.4 million a year earlier, while operating profit increased from £1.9 million to £2.3 million.
At the time, its fixed assets were valued at £531,000 and current assets at £15.5 million, while net assets totalled £4.2 million.
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