TD TOM Davies Limited (04460778): administration
- Status
- In administration
- Administration began
- 2025-12-22
- Administrators
- Mark Siddall, Benjamin Stanyon
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2002-06-13
- Location
- Milton Keynes
- Industry
- 32500 Manufacture of medical and dental instruments and supplies
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
In November 2025, the Company’s primary investor encountered liquidity issues and was unable to provide the necessary funding to the Company to allow the Company to meet its October PAYE payment to HMRC by the due date. This was deemed to be a breach of the terms of the Company’s TTP arrangement and resulted in HMRC issuing a demand for payment of the Company’s outstanding liabilities, in full, which the Company was unable to meet. This resulted in HMRC issuing a winding-up petition on 5 December 2025.
As the Company was not in a position to discharge the HMRC petition debt, the Company was deemed to be insolvent and the director sought professional advice from Opus.
PDS were engaged to undertake a valuation of the Company’s business and assets to assist Opus in providing advice in relation to the options available to the Company. Given the existence of the winding-up petition issued by HMRC, there was no ability for the Company’s board to appoint directors without an application to Court. The alternative was to invite the secured creditor and holder of a qualifying floating charge, Zeiss, to appoint administrators under the powers within its security. Browne Jacobson were engaged to provide advice in relation to Zeiss’s security with regard to a potential administration appointment.
Administrators' statement of proposals (2026-02-20) · Companies House register