# Mayridge Limited (06385428)

> Why UK company 06385428 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06385428

- **Status:** Administration ended
- **Administration began:** 2016-01-20
- **Administrators:** Mark Jeremy Orton, Christopher Robert Pole
- **Administrators' firm:** KPMG
- **Formerly:** Mayridge Stand Build Limited
- **Incorporated:** 2007-10-01
- **Location:** Birmingham
- **Industry:** 82301 Activities of exhibition and fair organisers

## Why it went into administration

- Sustained trading losses
- Loss of a key customer, supplier or contract
- Competition / price pressure

## From the administrators' statement

The Company was incorporated in 2007 and employed nine members of staff at the time of our appointment It specialised tn the installation and management of exhibition stands at various conferences across a number of countries The Company operated from leasehold premises at Wellesbourne House, Warwick

3.2. Funding and financial position of the Company

The Company was solely funded by its parent company MGL Lloyds holds debentures over both the Company and MGL’s assets, which create fixed and floating charges over their assets The Company has also provided inter-company guarantees to Lloyds At the time of our appointment, Lloyds were owed approximately £1 15m in relation to an overdraft facility, accrued interest and outstanding credit card balances

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06385428/filing-history/MzE0NDcyMDI1NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06385428

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