Splash SBS Limited (07971079): administration
- Status
- In administration
- Administration began
- 2024-09-13
- Administrators
- Kevin James Wilson Weir
- Administrators' firm
- Green File Accountants
- Incorporated
- 2012-03-01
- Location
- London
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Regulatory change or action
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Joint Administrators have had a prior business relationship with both Directors of the Company, Mohammed Shahidullan and Sabbir Patwary. The nature of the relationship is in relation to the Company serving as the accountancy firm for numerous cases placed into liquidation by Hudson Weir Limited.
Prior to accepting this appointment, the Joint Administrators have confirmed that they have fully considered the relevant guide to professional conduct and ethics as issued by their regulatory body and are satisfied that the existence of this prior relationship is not a significant professional relationship based on the number of cases which are less than 1% in the last 3 years.
The Directors approached Hudson Weir on 12 June 2024 and were formally appointed by the Directors on 13 September 2024. The Joint Administrators are authorised to act jointly and severally in the Administration.
Administrators' statement of proposals (2024-10-09) · Companies House register