UK administrations update: September 23 - 29

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.

Queni Koi Limited - September 23
Queni Koi Limited, a Leicestershire-based koi carp supplies retailer, fell into administration earlier this month, with Andrew Knowles and Mike Dillon of Leonard Curtis appointed as joint administrators.

In accounts for the year to July 31 2023, the company’s fixed assets were valued at around £212,000 and current assets at slightly over £545,000. However, significant debts meant the firm’s net liabilities amounted to nearly £693,000.

Neurofenix Limited - September 23
Neurofenix Limited, a Stratford-upon-Avon-based virtual care provider specialising in stroke therapy, fell into administration earlier this month, appointing Steven Currie and Sophie Murcott of Currie Young as joint administrators.

In accounts for the year to December 31 2023, the company’s fixed assets were valued at £33,000 and current assets at £4.6 million, with total assets standing at £4.5 million.

Blue Ocean Building Limited - September 24
Blue Ocean Building Limited, a joinery firm based in Culcheth, fell into administration earlier this month, with David Kemp and Richard Hunt of Exigen Group appointed as joint administrators.

In accounts for the year to July 30 2024, the company’s fixed assets were valued at around £35,000 and current assets at close to £1.8 million, with net assets standing at approximately £365,000.

Coldpress Foods Limited - September 25
Coldpress Foods Limited, a manufacturer of cold-pressed juices and smoothies based in Twickenham, fell into administration last week, with David Kemp and Richard Hunt of Exigen Group appointed as joint administrators.

In accounts for the year ending December 31 2023, the company’s fixed assets were valued at around £2.1 million, with net assets coming to slightly over £277,000.

Nuvola Distribution Limited - September 25
Nuvola Distribution Limited, a tech and services distributor based in Reading, fell into administration earlier this month, with Kelly Mitchell and Richard Wragg of Quantuma Advisory appointed as joint administrators.

In accounts for the year to December 31 2023, the company’s fixed assets were valued at around £92,000 and current assets at approximately £1.5 million, with total assets amounting to just over £45,000.

Poole Bay Warehousing Limited and Three Legged Transport Limited - September 25
Poole Bay Warehousing Limited and Three Legged Transport Limited, a pair of connected warehouse storage and haulage businesses operating from a shared site in Wimborne, Dorset, fell into administration earlier this month, with David Smithson and Michael Fortune of Leonard Curtis appointed as joint administrators of both companies.

In accounts for the year to August 31 2024, Poole Bay Warehousing Limited held fixed assets valued at around £509,000 and current assets of £376,000, with net assets amounting to slightly under £211,000.

During the same period, Three Legged Transport Limited had around £361,000 in fixed assets and approximately £493,000 in current assets, with net assets slightly exceeding £317,000.

Robert D. Webster Limited - September 26
Robert D. Webster Limited, an agricultural machinery retailer operating from three sites in East Yorkshire, fell into administration last week, with Phil Deyes and Sean Williams of Leonard Curtis appointed as joint administrators.

In accounts for the period from December 31 202 to June 21 2023, the company reported turnover of £30.9 million, but fell to a post-tax loss of nearly £15,000, citing extended lead times as a result of supply chain disruption, as well as rising interest rates and adverse weather.

At the time, its fixed assets were valued at £1.5 million and current assets at approximately £5.6 million, with net assets amounting to around £906,000.

Ridgeview Estate Winery Limited - September 29
Ridgeview Estate Winery Limited, a winery in East Sussex, fell into administration last week, with Philip Harris and Neville Side of FRP Advisory appointed as joint administrators.

In the year to December 31 2023, the company’s fixed assets were valued at around £10.7 million and current assets at £10.3 million, with total equity amounting to £2.3 million.

GVE London Limited - September 29
GVE London Limited, a supercar retailer based in Stanmore, fell into administration last week, with Arvindar Singh and David Hinrichsen of FRP Advisory appointed as joint administrators.

In accounts for the year to November 28 2023, the company’s fixed assets were valued at £2 million and current assets at £6.5 million, with net assets amounting to approximately £541,000.

Click here to download our free guide on finding and buying distressed businesses and assets

Share this article

Latest Businesses for Sale

View more businesses for sale