Hope Montessori Nursery School Ltd (04612744): administration
- Status
- In administration
- Administration began
- 2025-05-12
- Administrators
- Rehan Ahmed, Jeremy Nigel Ian Woodside
- Administrators' firm
- Quantuma
- Formerly
- Surepace Limited
- Incorporated
- 2002-12-09
- Location
- Leeds
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Rehan Ahmed was contacted by Mohammed Arshad of Blackstone Accountancy Limited on 13 March 2025 to help advise on the options available following the presentation of a Winding Up Petition by HMRC. QAL were formally instructed by the Company on 4 April 2025. Having sought advice from QAL, it was concluded that the Company was insolvent in accordance with S123 of the Act in that the Company was unable to pay its debts as and when they fell due, without an injection of working capital to repay the HMRC liability, which was considered unlikely it would appear that the Company had no alternative other than to consider a formal insolvency process.
Due to the presentation of the Winding Up Petition the Company’s bank account had been frozen rendering the Company to access funds received from Local Authority payments and unable to pay wages and necessary costs to allow the Company to continue to trade in the medium term in order for a purchaser to be found.
There were no requests made to potential funders because of the Winding Up Petition being presented and the possibility that the Court may be minded to grant an order to place the Company into Compulsory Liquidation at the hearing of the petition on 30 April 2025.
Administrators' statement of proposals (2025-07-14) · Companies House register