# Artemis Interior Services Ltd. (05451626)

> Why UK company 05451626 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05451626

- **Status:** In administration
- **Administration began:** 2026-02-13
- **Administrators:** Anthony Davidson, Trevor John Binyon, Andrew James Pear, Michael Stephen Elliot Solomons
- **Administrators' firm:** Moorfields
- **Incorporated:** 2005-05-12
- **Location:** Milton Keynes
- **Industry:** 43390 Other building completion and finishing

## Why it went into administration

- HMRC / tax arrears
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Sustained trading losses

## From the administrators' statement

2.1 The Company was incorporated on 12 May 2005 and commenced trading as a construction contractor for commercial refurbishment and fit-out projects for well-established blue-chip clients. Upon incorporation, the directors were Martin Playell and Gary Mark Thomas who remained directors up until 2016, at which point the Company was subject to a management buy-out.

2.2 Whilst the Company was historically profitable, it initially experienced cash flow difficulties in FY24 as a result of issues arising from two loss-making contracts. One of these contracts was subject to a number of construction adjudication decisions and resulted in trade creditor liabilities of c.£700,000 that were unable to be serviced as a result of non-payment by the customer.

2.3. Accordingly, the board sought assistance from Moorfields to source alternative funding solutions, and the Company was able to secure a facility with Bibby Financial Services Limited (“Bibby” or “the Lender”) in February 2025.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05451626/filing-history/MzUxNzAxODgzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05451626

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.