Falcon Special Projects Ltd (05992043): administration
- Status
- Administration ended
- Administration began
- 2025-03-03
- Administrators
- Gary Norton Lee, Franklyn Ofonagoro
- Administrators' firm
- Xeinadin
- Incorporated
- 2006-11-08
- Location
- Milton Keynes
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company initially sought advice from its accountants, Xeinadin Group (“Xeinadin”), in December 2024 on the options available given its financial difficulties and cash constraints. This led to a decision that the Company would be unable to continue to trade and that an accelerated marketing process for its business and assets should be undertaken to establish whether a purchaser could be found.
The Company’s Board were referred to Opus by Xeinadin on 30 January 2025 to undertake an accelerated mergers and acquisition (“AMA”) process aimed at achieving a sale of the Company’s business and assets.
The Company subsequently commenced an accelerated marketing process for the business on 31 January 2025, with the assistance of Eddisons Commercial Ltd (“Eddisons”).
Administrators' statement of proposals (2025-05-06) · Companies House register