NTS 247 Ltd (03716261): administration
- Status
- In administration
- Administration began
- 2025-07-25
- Administrators
- James William Stares, Jeffrey Mark Brenner
- Administrators' firm
- Antony Batty
- Formerly
- A Bubble Company Limited; Butterfly Boys Ltd
- Incorporated
- 1999-02-19
- Location
- London
- Industry
- 56210 Event catering activities
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Property / lease costs
- Competition / price pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Joint Administrators.
A Bubble Co Ltd was incorporated in 1999. The director, Michael Colins had many years’ experience in the hospitality industry. The Company was successful with corporate events prior to the financial crash in 2008 when a significant reduction in discretionary spending resulted in the Company entering a CVA in 2010, which it completed December 2014 to continue trading.
During the period of the CVA, the director Injected approximately £200k through the remortgage of his house to maintain trading.
Administrators' statement of proposals (2025-08-27) · Companies House register