Fatboys Catering Equipment Limited (03877672): administration
- Status
- In administration
- Administration began
- 2026-07-29
- Administrators
- Stuart Philip Kelly, Clare Harsley
- Administrators' firm
- FRP Advisory
- Incorporated
- 1999-11-16
- Location
- Prescot
- Industry
- 46440 Wholesale of china and glassware and cleaning materials
Why it went into administration
- Parent or group failure
From the administrators' statement
3.1 On 19 August 2025, the Company obtained a Line of Credit Loan agreement with Bizcap Limited with a credit limit of £250,000, The full £250,000 facility was drawn down on 21 August 2025. Under the terms of the agreement, the loan was repayable by way of weekly payments calculated by reference to the amounts drawn down during the relevant week.
3.2 The Company defaulted on the terms of the agreement in early October 2025. As a result, in November 2025, Bizcap instructed Mackay Goodwin Limited (“MG”) to assist in recovery of its outstanding balance due from the Company.
3.3 MG liaised with the Company and its directors and agreed a revised payment plan which was intended to repay the balance, with payments increasing as the business gained contro! of its finances and was able to contribute more. Whilst the Company maintained its repayments for a number of months, by March 2026, the repayments ceased.
Administrators' statement of proposals (2026-10-05) · Companies House register