companydig

Superflow Management Limited (04845529): administration

Status
In administration
Administration began
2026-06-12
Administrators
Carrie James, Nicholas Parsk
Administrators' firm
FRP Advisory
Incorporated
2003-07-25
Location
Slough
Industry
56101 Licenced restaurants

Why it went into administration

From the administrators' statement

The above pressures have resulted in the Group accruing substantial arrears to HMRC, estimated at approximately £5 million in respect of unpaid PAYE, NIC and VAT.

The Group had been engaged in discussions with HMRC regarding its outstanding liabilities, and HMRC had provided an illustrative framework for a possible repayment plan, which contemplated weekly contributions from trading cash flows together with significant lump sum payments. However, there remained significant uncertainty as to whether the Group would be able to generate sufficient cash flow to meet the proposed repayment terms whilst continuing to trade. Accordingly, the Board sought advice on the financial options available to the Group.

Oury Clark was initially approached by the Board on 20 April 2026 to help advise on the options available to the Group, as it was deemed to be insolvent. At initial stages, advice was focussed on the HMRC debt and the options available to the Group including those outside of formal insolvency procedure. At the same time, formal insolvency options including Administration, were presented to the Board.

Administrators' statement of proposals (2026-08-14) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Processing now

Recently viewed & analysed

Loading…

Superflow Management Limited (04845529)

Export CSV