Maxx Design Limited (03071832): administration
- Status
- In administration
- Administration began
- 2025-03-05
- Administrators
- Stuart Philip Kelly, Clare Harsley
- Administrators' firm
- Aaron & Partners
- Formerly
- Draftscheme Limited
- Incorporated
- 1995-06-23
- Location
- Prescot
- Industry
- 74100 specialised design activities
From the administrators' statement
3.1 Prior to the commencement of the Administration, SPK Financial Solutions Limited (“SPK”) acted as advisors to Bizcap in relation to the available options for the recovery of its outstanding loan. This included liaising with the director and the Company to monitor repayments of the outstanding loan by way of deferred payments and assessing the monthly financial position of the Company.
3.2 This repayment plan was agreed and commenced in December 2024 with SPK liaising with the director to ensure the plan remained compliant until its agreed completion date of March 2025. Despite the first payment being made in December 2024, the Company failed to adhere to the terms of the plan in January 2025.
3.3. During February 2025, SPK attempted to negotiate a further restructuring that could be met. However, the first agreed payment was not made. This failure to pay again directly led to the appointment of the Joint Administrators on 5 March 2025.
Administrators' statement of proposals (2025-04-30) · Companies House register