AKA (Sadler Brown) Limited (06025552): administration
- Status
- Administration ended
- Administration began
- 2024-07-04
- Administrators
- Sean Williams, Iain David Nairn
- Administrators' firm
- Leonard Curtis
- Formerly
- Anthony Keith Architects Limited
- Incorporated
- 2006-12-12
- Location
- Gateshead
- Industry
- 71111 Architectural activities
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Following the completion of a pre-packaged sale of part of the Company’s business and assets on 4 July 2024, the Joint Administrators sent a letter to creditors on 9 July 2024 to provide further information on the sale pursuant to the requirements of the Statement of Insolvency Practice (“SIP”) 16. A copy of the information provided is attached at Appendix M of this report.
The Joint Administrators would like to draw your attention to Section 3 of the SIP16 report, which provides background information regarding the Company and events leading up to the Joint Administrators’ appointment.
The Company was introduced to us by David Thomas of Valerian Consulting Limited on 9 January 2024, who suggested that the directors of the Company meet with an insolvency practitioner from Leonard Curtis Recovery Limited (“Leonard Curtis”), to consider the Company’s options. Following a period of consideration and advice from the Company's advisors, on 8 June 2024 the directors contacted Leonard Curtis having concluded that the Company was insolvent pursuant to Section 123 of the Act, as the Company was unable to pay its debts as and when they fell due.
Administrators' statement of proposals (2024-07-17) · Companies House register