Tue, 20 May 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.
Quick Reach Powered Access Limited – May 13
Quick Reach Powered Access Limited, an Eccles-based machinery and plant hire firm, fell into administration earlier this month, with Michael Magnay and Gemma Quinn of Alvarez & Marsal appointed as joint administrators.
In accounts for the year to July 31 2023, the company reported turnover of £14.6 million, up from £12.2 million a year earlier, while post-tax profits dipped slightly from £2.5 million to £2.3 million.
At the time, the company’s fixed assets were valued at £27.2 million and current assets at £3.6 million, with net assets amounting to around £2.5 million.
Bar 2064 Limited – May 13
Bar 2064 Limited, a Peterborough-based specialist supplier of staffing and recruitment services to the construction and logistics sector, fell into administration last week, with Jenny Poleykett and Alan Clark of Carter Clark appointed as joint administrators.
According to industry publication Construction News, Bar 2064 had launched a legal claim against the Irish business of collapsed construction contractor Henry Construction Projects in 2023, with the company among Henry’s unsecured creditors.
In accounts for the year to March 31 2023, the company reported turnover of £116 million, up from £101.3 million a year earlier, but saw post-tax losses widen from £130,163 to £590,362. Its assets at the time were valued at slightly under £4 million, but debts meant that its net liabilities amounted to around £723,000.
Maven Leisure Limited – May 14
Maven Leisure Limited, a group operating public houses and bars in London, fell into administration earlier this month, with Samuel Birchall and Christopher Pole of Interpath Advisory appointed as joint administrators. Birchall and Pole were also appointed joint administrators of group subsidiaries Maven Premium Bars & Restaurants Limited and Maven Premium Sports Bars Limited.
In accounts for the year to February 25 2024, the group reported turnover of £10.2 million, up from £6 million a year earlier, and cut its post-tax losses from around £1.9 million to £387,000. Its fixed assets were valued at £6.8 million and current assets at £1.4 million, but net liabilities stood at £784,000.
Holvil Limited – May 14
Holvil Limited, a real estate investment firm based in Stockport, fell into administration earlier this month, with Nick Brierley and Edward Avery-Gee of CG&Co appointed as joint administrators.
In accounts for the year to December 31 2022, the company’s fixed assets were valued at £8.3 million and net assets at around £73,000.
Kokoon Technology Limited – May 15
Kokoon Technology Limited, a London-based manufacturer of sleep monitoring-technology, fell into administration last week, with Paul Ellison and Chris Errington of KRE Corporate Recovery appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at £22,702 and current assets at around £357,000, but net liabilities amounted to nearly £1.2 million.
Lane Britton and Jenkins Limited – May 15
Lane Britton and Jenkins Limited, a construction developer in Cheltenham, fell into administration last week, with Stuart Kelly and Claire Harsley of SPK Financial Solutions appointed as joint administrators.
In accounts for the year to August 31 2023, the company’s fixed assets were valued at around £383,000 and current assets at £1.6 million, with net assets amounting to £1.1 million.
King Industries Limited – May 15
King Industries Limited, a Leicestershire-based provider of engineering solutions to infrastructure sectors, fell into administration last week, appointing Robert Dymond and Kris Wigfield of Begbies Traynor as joint administrators.
In accounts for the year to June 30 2024, the company’s fixed assets were valued at £2.8 million and current assets at roughly the same amount. Net assets at the time amounted to slightly over £1.1 million.
MHL2 Limited – May 16
MHL2 Limited, a Gateshead-based provider of power tools and machinery previously trading as Thompson Power Tool Services UK Limited, fell into administration last week, with Iain Nairn and Sean Williams of Leonard Curtis appointed as joint administrators.
In accounts for the year to March 31 2023, the company’s fixed assets were valued at around £1.7 million and current assets at £1.9 million, with net assets amounting to slightly over £665,000.
Equiano Limited – May 16
Equiano Limited, a rum distiller trading as Equiano Rum Company, fell into administration last week, with Tom Parish, Terri Mulgrew and Andrew Andronikou of Quantuma Advisory appointed as joint administrators.
In accounts for the year to March 31 2024, the company’s total assets were valued at around £865,000. However, significant debts meant that the firm’s net liabilities at the time stood at nearly £3 million.
Manifest London Limited – May 16
Manifest London Limited, a London-based advertising agency, fell into administration earlier this month, with Michael Solomons and Andrew Pear of Moorfields appointed as joint administrators.
In accounts for the year ending July 31 2023, the company’s fixed assets were valued at approximately £792,000 and current assets at close to £2 million. Net assets, meanwhile, stood at £487,498.
Levenseat Renewable Energy Limited – May 16
Levenseat Renewable Energy Limited, a South Lanarkshire renewable energy firm, fell into administration last week, with Sarah O’Toole and Edward Williams of PricewaterhouseCoopers appointed as joint administrators.
Upon the appointment of the joint administrators, 52 of the company’s 89 staff were made redundant, with the remainder retained to assist in winding down operations and cleaning up the site.
The company, an offshoot of Levenseat Limited, was founded in 2014 and had operated its energy-from-waste plant in Forth since 2020. The company has suffered a difficult few years, with outages in recent years due to machine failures, requiring significant investment to fix.
In accounts for the year to December 31 2023, the company reported turnover of around £22.4 million, down from £26 million a year earlier, and saw its losses increase from £24.6 million to £28 million.
At the time, directors stated that 2023 had been “another challenging year for the business”, citing a “reduction in power produced and power prices” as factors in turnover falling. Stability of the company’s plant and supply chain cost pressures were also cited as issues.
The loss incurred in 2023 forced the company to negotiate deferred loan repayments up to June 2025, with directors aiming to secure crucial investment before then. However, these efforts proved unsuccessful, leading to the business being declared insolvent.
In its 2023 accounts, the company’s fixed assets were valued at £105.2 million and current assets at £10.5 million. Its net liabilities, however, stood at £120.3 million.
G&T Phoenix Limited – May 20
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