Tue, 26 May 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.
Absolute Post Limited - May 19
Absolute Post Limited, a post-production house based in London, fell into administration earlier this month, with Nick Parsk of Oury Clark Chartered Accountants appointed as administrator.
In accounts for the year to February 29 2024, the company’s fixed assets were valued at around £419,000 and current assets at £2.2 million. Net liabilities, however, exceeded £484,000.
North West Precision Limited - May 19
North West Precision Limited, a Birkenhead-based precision engineering company, fell into administration earlier this month, with Steven Muncaster and Mike Dillon of Leonard Curtis appointed as joint administrators.
In accounts for the year to September 30 2024, the company’s fixed assets were valued at £947,000 and current assets at £3.2 million, with net assets totalling slightly over £337,000.
Stainless Steel Vessels Limited - May 19
Stainless Steel Vessels Limited, a Leeds-based manufacturer of stainless steel pressure vessels, fell into administration earlier this month, with Lee Lockwood and James Miller of RSM UK Restructuring Advisory appointed as joint administrators.
In accounts for the year to October 31 2024, the company’s fixed assets were valued at £1.4 million and current assets at around £5.1 million, with total equity amounting to approximately £2 million.
XL Scaffolding Limited - May 19
XL Scaffolding Limited, a scaffolding company based in Peterborough, fell into administration earlier this month, with Mark Siddall and Colin Wilson of Opus Restructuring appointed as joint administrators.
In accounts for the year to November 30 2024, the company’s fixed assets were valued at around £942,000 and current assets at £1.9 million, with net assets coming to slightly over £709,000.
Aeralis Limited - May 19
Aeralis Limited, a Bristol-based aerospace company specialising in modular aircraft systems, fell into administration earlier this month, with Joanne Milner and David Buchler of Buchler Phillips appointed as joint administrators.
The collapse of the company was attributed to cashflow difficulties, after the firm’s largest investor - Barzan Holdings - ended its backing. The investor, which is the strategic investment and procurement arm of Qatar’s Ministry of Defence, reportedly ended its participation in Aeralis due to the need for the country to invest in its own defences, amid escalating conflict in the region.
In accounts for the year to December 31 2024, Aeralis Limited’s fixed assets were valued at around £23,000 and current assets at £2.8 million, but net liabilities totalled close to £5.7 million.
SFM Technology Limited - May 20
SFM Technology Limited, an agricultural technology company based in Somerset, fell into administration earlier this month, with Andy John and Miles Needham of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2023, the company’s fixed assets were valued at £1.2 million and current assets at £3.1 million, while net assets amounted to £1.7 million.
Mirriad Advertising plc - May 20
Mirriad Advertising plc, a listed adtech company based in London, fell into administration earlier this month, with Philip Reynolds of FRP Advisory and Robert Ferne of BTG Begbies Traynor appointed as joint administrators.
The collapse of the London-listed firm came after it failed to secure emergency funding, while a US joint venture the company was engaged in had not performed.
In accounts for the year to December 31 2024, the company reported revenue of £1 million, down from £1.8 million in 2023, while operating losses narrowed from £11.5 million to £8.8 million.
At the time, its non-current assets were valued at £50,000 and current assets at approximately £6.6 million, with total equity standing at £4.7 million.
AIM Engineering & Fabrication Group Limited and Hescott Engineering Company Limited - May 20
AIM Engineering & Fabrication Group Limited and Hescott Engineering Company Limited, a pair of engineering businesses based in Falkirk, fell into administration and ceased trading earlier this month.
The companies provided steel and metalwork design, engineering, fabrication, construction and industrial services, as well as site installation, across sectors including construction, industrial processing, petrochemical and oil and gas.
According to administrators, the companies (like many within the building and construction supply chain) had faced challenging trading conditions, which were compounded by the loss of a major customer.
Administrators are now seeking a buyer for the business and assets of the two companies.
In accounts for the year to June 30 2025, AIM Engineering & Fabrication Group Limited’s fixed assets were valued at around £3 million and current assets at £4 million, with net assets amounting to nearly £1.7 million.
In accounts for the period January 1 2024 to June 30 2025, meanwhile, Hescott Engineering Company Limited reported turnover of £14.3 million, compared to around £11.1 million in the preceding period, but saw operating profits fall from approximately £1.9 million to slightly over £991,000.
At the time, fixed assets were valued at £145,000 and current assets at around £12.4 million, with net assets amounting to over £9 million.
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Integrated Estates Management Limited - May 20
Integrated Estates Management Limited, a facilities management company based in Essex, fell into administration last week, with Lee Cause, Danny Dartnaill and Benjamin Peterson of BDO appointed as joint administrators.
In accounts for the year to February 28 2025, the company’s fixed assets were valued at slightly over £136,000 and current assets at £4.7 million, with net assets amounting to approximately £56,000.
KTRW Engineering (Developments) Limited - May 21
KTRW Engineering (Developments) Limited, an engineering company based in Somerset, fell into administration earlier this month, with Andy John and Miles Needham of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2023, the company’s assets were valued at around £1.4 million, with net assets amounting to £1 million.
Blind Pig Limited - May 21
Blind Pig Limited, a London-based post production company, fell into administration earlier this month, with Nick Parsk of Oury Clark appointed as administrator. The firm was connected to Absolute Post Limited.
In accounts for the year to February 29 2024, the company’s current assets were valued at around £1.6 million, with net assets standing at £1.1 million.
The Consumer Helpline Limited - May 21
The Consumer Helpline Limited, a customer experience company based in Swansea, fell into administration earlier this month, with Alan Fallows and Jessica Barker of Xeinadin Corporate Recovery appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at slightly more than £492,000 and current assets at around £1.7 million, with net assets standing at approximately £788,000.
Offsite Engineered Products UK Limited - May 21
Offsite Engineered Products UK Limited, a UK-manufactured offsite construction solutions provider based in Northampton, fell into administration earlier this month, with Robert Dymond and Paul Barber of BTG Begbies Traynor appointed as joint administrators.
In accounts for the year to May 31 2024, the company’s fixed assets were valued at around £201,000 and current assets at approximately £2.7 million, with net assets standing at £874,000.
GH Bio-Power Limited - May 22
GH Bio-Power Limited, the holding company for a group operating in the infrastructure and renewable energy sectors, fell into administration earlier this month, with Simon Jagger and Mark Supperstone of S&W Partners appointed as joint administrators.
In accounts for the year to December 31 2023, the company’s fixed assets were valued at around £3 million and current assets at £16.7 million, with net liabilities amounting to £1.6 million.
Lakes Bathrooms Limited - May 22
Lakes Bathrooms Limited, a Tewkesbury-based manufacturer and supplier of shower enclosures, doors and bath screens, fell into administration last week, with Jon Roden, Rob Parker and Daniel Timms of Grant Thornton appointed as joint administrators.
In accounts for the period from June 1 2023 to November 30 2024, the company reported turnover of £18.7 million, compared to £12.1 million in the year to May 31 2023. However, the company fell from an operating profit of around £882,000 to a loss of more than £1 million.
At the time, the company’s fixed assets were valued at around £505,000 and current assets at £6.2 million, with net assets standing at £2.2 million.
This construction and renovation business, easily repositionable, specialises in servicing schools and educational institutions, boasting a robust client base across South Wales school frameworks.
The business is a reputable structural steelwork erection contractor in South Wales, known for its collaborative approach with steelwork contractors and strong client relationships.
This leading on-site automotive refurbishment company boasts a longstanding reputation for quality and expertise, servicing over 200 clients with a remarkable 95% repeat business rate.
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