# HUB BOX Limited (08591523)

> Why UK company 08591523 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08591523

- **Status:** Administration ended
- **Administration began:** 2024-07-11
- **Administrators:** Stephen John Absolom, William James Wright
- **Administrators' firm:** Interpath Advisory
- **Incorporated:** 2013-07-01
- **Location:** London
- **Industry:** 56101 Licenced restaurants

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

In recent years, the Company has been reliant on the summer months for strong trading and as a result, liquidity between November and April has been challenging, with key creditors on payment plans for the past two years.

Despite these payment plans being in place, following a period of weak trading between November 2023 and April 2024, the Company were forecasting a funding requirement at the end of April 2024.

Subsequently, Interpath was formally engaged by the Company on 29 April 2024, to run a process to explore the sale, investment, refinance, restructuring and other options available to the Company (the ‘Options process’).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08591523/filing-history/MzQzMDEyMzcxNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08591523

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