From the administrators' statement

In the final quarter of 2024, the business saw its turnover fall to £345,000 resulting in a loss of £134,000 for the quarter ended 31 December 2024. Trading activity (sales or requests for quotes) did not pick up in 2025 which meant further losses were incurred. The Directors concluded that turnover was unlikely to return to the previous levels in the short term and if they failed to act, the position of creditors would worsen.

No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.

Attached at Appendix Ill is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.

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Jestermark Ltd (06960996)

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