Lidsters of Worksop Ltd (06075016): administration
- Status
- In administration
- Administration began
- 2025-12-11
- Administrators
- Philip Lawrence, Gareth Howarth
- Administrators' firm
- Path Business Recovery
- Formerly
- Starblend Limited
- Incorporated
- 2007-01-30
- Location
- Manchester
- Industry
- 23700 Cutting, shaping and finishing of stone
From the administrators' statement
3.1 The Company decided to move to a new premises in February 2025 and sell off remaining stock and equipment, however, the sale price achieved for these assets fell short of expectations and there was a delay in moving which increased the costs of doing so.
3.2 The directors advise that they produced realistic, achievable forecasts and budgets based on the average retail sales achieved over the last 4 years and they were confident that the business did have a realistic chance of trading through its historic debt and ultimately become a saleable asset which would return some of the directors’ loans prior to their retirement. By late 2025 it had become apparent that the Company required funding above the level available to it by its bank and the directors were not able to continue advancing sums from director’s loan.
3.3 AMS Business Recovery was initially approached by the Company’s directors on 13 November 2025 to help advise on the options available for the Company, as it was deemed to be insolvent. A signed Engagement Letter was received 27 November 2025.
Administrators' statement of proposals (2026-02-16) · Companies House register