# ARG Maxela UK Ltd (07863841)

> Why UK company 07863841 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07863841

- **Status:** Administration ended
- **Administration began:** 2024-07-26
- **Incorporated:** 2011-11-29
- **Location:** Slough
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- COVID-19
- Rising costs / inflation
- Cash flow / liquidity pressure
- Property / lease costs
- Rising interest rates

## From the administrators' statement

The director advised that the Company had become insolvent due to a combination of the following factors:

• Debt taken on as a result of the Covid-19 pandemic.

• Recent economic factors such as rising costs of energy, wages and interest rates.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07863841/filing-history/MzQzNTI2NjM0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07863841

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