Tue, 23 Sep 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.
Edenlodge Associates Limited - September 16
Edenlodge Associates Limited, trading as the Blazing Donkey Country Hotel in Ham, 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 December 31 2024, the company’s fixed assets were valued at £2.8 million and current assets at around £295,000, with net assets amounting to slightly over £1.1 million.
Baxter Kelly Limited - September 16
Baxter Kelly Limited, a Staffordshire-based retrofit firm specialising in cavity wall insulation, fell into administration earlier this month, with Benjamin Wiles and Philip Dakin of Kroll Advisory appointed as joint administrators.
In the year to May 31 2024, the company reported turnover of around £43.1 million, up from £20.4 million a year earlier. However, operating profits fell from £2.3 million to £1.5 million and directors stated that the company, which was heavily reliant on government-funded schemes and initiatives, faced soaring costs.
At the time, fixed assets were valued at £1.3 million and current assets at around £9.3 million, with net assets amounting to £2.4 million.
Christies (Fochabers) Limited - September 16
Christies (Fochabers) Limited, a forestry business based in Moray, fell into administration earlier this month, with Graham Smith and Michelle Elliot of FRP Advisory appointed as joint administrators.
The collapse of the company comes just three months after it sold its well-known garden centre to Simpsons Garden Centre, leaving it to focus on its tree-growing and nursery business.
However, it has now fallen into administration amid growing cash flow pressures and cuts to government funding for tree planting. The joint administrators are now trading the business while seeking a buyer to take over the company as a going concern.
In accounts for the year to August 31 2023, the company reported turnover of £8.3 million, down slightly from £8.6 million a year earlier, but saw operating profits fall sharply from around £1.5 million to under £425,000.
At the time, its fixed assets were valued at £5.4 million and current assets at £11.2 million, with net assets coming to £6.3 million.
YBS Decoration Services Limited - September 16
YBS Decoration Services Limited, a bottle decoration specialist based in Leeds, fell into administration earlier this month, with Zane Collins of Insolvency One appointed as administrator.
In accounts for the year to March 31 2024, the company’s fixed assets were valued at around £518,000 and current assets at £3.1 million, while net assets amounted to slightly over £242,000.
Alexander & James Limited and Ashley Manor Upholstery Limited - September 18
Alexander & James Limited and Ashley Manor Upholstery Limited, a pair of Midlands-based furniture businesses owned by TCM Living Group, fell into administration last week, with Colin Wilson and Trevor Binyon of Opus Restructuring appointed as joint administrators.
The collapse of the two companies came amid economic and industry headwinds and followed a failed effort to secure a buyer. Both companies have ceased operating effective immediately, with the joint administrators now seeking to realise the companies’ assets.
In the year to December 31 2023, Alexander and James Limited reported turnover of around £21.3 million, down from £31.7 million the previous year, but recovered from an operating loss of over £274,000 in 2022 to record an operating profit of approximately £378,000. At the time, its fixed assets were valued at £414,000 and current assets at £4.7 million, with net assets amounting to around £130,000.
During the same period, Ashley Manor Upholstery Limited reported turnover of £31.3 million, down from £35.5 million, and saw operating losses widen from £917,000 to around £1.1 million. At the time, its fixed assets were valued at £4.5 million and current assets at £9.2 million, but net liabilities exceeded £5.6 million.
Find out more about the collapse of the two firms
Dart Cubicles LLP - September 22
Dart Cubicles LLP, a West Yorkshire-based producer of washroom cubicles, fell into administration last week, with Bob Maxwell and Richard Kenworthy of Begbies Traynor appointed as joint administrators.
In accounts for the period from December 1 2022 to March 31 2024, the company reported turnover of around £6 million, compared to £4.5 million in the previous year. Operating profits, meanwhile, rose from around £682,000 to over £1 million.
At the time, its fixed assets were valued at slightly more than £350,000 and current assets at £5.2 million.
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