UK administrations update: October 7 - 13

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.

Counting King Limited - October 7
Counting King Limited, a tax consultancy based in Derbyshire, fell into administration during the first week of October, with John Hedger of Seneca IP appointed as administrator.

In accounts for the year to December 31 2023, the company’s fixed assets were valued at around £311,000 and current assets at £1.4 million, with net assets of approximately £591,000.

Buxshalls Limited - October 8
Buxshalls Limited, a construction projects developer based in Milton Keynes, fell into administration last week, with Nick Myers and Alex Cadwallader of Leonard Curtis appointed as joint administrators.

In accounts for the year to October 31 2023, the company’s fixed assets were valued at £3.2 million and current assets at close to £9.2 million. However, significant creditor debts left the firm with net liabilities of £1.5 million.

Live Unlimited Limited - October 9
Live Unlimited Limited, a Brighton-based women’s clothing manufacturer, fell into administration earlier this month, with Sean Bucknall of Quantuma Advisory and Andreas Arakapiotis of Kallis & Co appointed as joint administrators.

In accounts for the year to November 30 2023, the company’s fixed assets were valued at around £58,000 and current assets at approximately £4 million, with net assets amounting to slightly over £473,000.

Acre Invest (Luton) Limited - October 9
Acre Invest (Luton) Limited, a property developer based in Harpenden, fell into administration last week, with William Turner and Peter Wastell of Verula Advisory appointed as joint administrators.

In accounts for the year to December 31 2023, the company’s current assets were valued at more than £15.8 million, but creditor debts of around £16.6 million left it with net liabilities exceeding £1.2 million.

Renewable Micro Solutions Limited - October 9
Renewable Micro Solutions Limited, a Coventry-based mechanical engineering company, fell into administration in early October, with Brett Barton, Simon Wall and Richard Tonks of bk plus appointed as joint administrators.

In accounts for the year to August 31 2023, the company’s fixed assets were valued at £110,000 and current assets at approximately £3.9 million, with net assets standing at £1.1 million.

Altitude Angel Limited - October 10
Altitude Angel Limited, an aerospace company based in Reading, fell into administration last week, with Andy John and Geoff Rowley of FRP Advisory appointed as joint administrators.

The company, a drone management platform, had developed the unmanned traffic management (UTM) software ARROW. In 2023, the firm secured a £5 million investment from BT, which acquired a minority stake in the business and became a reseller of its software.

In accounts for the year to December 31 2024, the company’s fixed assets were valued at around £203,000 and current assets at £2.1 million, with net assets amounting to approximately £952,000.

Tucker Mechanical and Electrical Building Services Limited - October 10
Tucker Mechanical and Electrical Building Services Limited, a Hull-based mechanical and electrical (M&E) services provider, fell into administration last week, with David Kemp and Richard Hunt of Exigen Group appointed as joint administrators.

In accounts for the year to January 31 2024, the company reported turnover of £25.1 million, down from £26.9 million a year earlier, while operating profits fell from £323,000 to around £260,000.

At the time, its fixed assets were valued at approximately £164,000 and current assets at £9.7 million, with net assets amounting to roughly £3.5 million.

Vvoosh Limited - October 10
Vvoosh Limited, a social media platform with offices in London, fell into administration last week, with Paul Weber and Asher Miller of Begbies Traynor appointed as joint administrators.

In accounts for the year to May 31 2024, the company’s assets were valued at around £7.5 million, with net assets coming to slightly over £7 million.

TC BioPharm Limited - October 10
TC BioPharm Limited, a Motherwell-based biotechnology research and development (R&D) company, fell into administration earlier this month, with Michael Magnay and Robert Croxen of Alvarez & Marsal appointed as joint administrators.

Michael Magnay described the firm as “a pioneering, clinical-stage cell therapy company with an experienced and highly skilled team” and revealed that the joint administrators would be running a sale process “at pace”.

Magnay encouraged any parties interested in acquiring the business and assets, including its intellectual property (IP) to make contact as soon as possible.

In accounts for the year to December 31 2024, the company reported an operating loss of around £6.4 million, an improvement on a £9.4 million loss a year earlier. At the time, its total equity was valued at around £5 million.

Connolly Broadley Group Limited - October 10
Connolly Broadley Group Limited, a domestic building construction company based in West Yorkshire, fell into administration earlier this month, with Philippa Smith and Jessica Thomas of Smith & Barnes Insolvency Practitioners appointed as joint administrators.

In accounts for the year to September 30 2024, the company’s fixed assets were valued at £1.8 million and current assets at around £4.5 million, with total equity standing at approximately £1.9 million.

Ridgesteel Fabrications Limited - October 13
Ridgesteel Fabrications Limited, a Bromsgrove-based steel fabrication and architectural metalwork firm, 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 February 28 2025, the company’s fixed assets were valued at around £364,000 and current assets at approximately £5.7 million, with net assets standing at £1.8 million.

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