Future Fishing Limited (08945349): administration
- Status
- Administration ended
- Administration began
- 2024-03-26
- Administrators
- Louise Williams, Ian Mcculloch
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2014-03-18
- Location
- Milton Keynes
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
From the administrators' statement
The Directors had previously taken advice from another firm of Insolvency Practitioners. Louise Williams first met the Directors on 19 February 2024.
At this time company could not pay its suppliers and large quantities of stock were being recovered by the creditors under their retention of title terms.
It was agreed that Middleton Barton Asset Valuation Limited (“Middleton”) would assist the directors in finding a buyer for the business with a view to a prepack sale. The timescales for finding a buyer were very tight given the low levels of stock. There was limited interest from buyers however a major retailer expressed interest on 6 March 2024 and progressed their interest before advising on 11 March 2024 that they had no interest.
Administrators' statement of proposals (2024-04-25) · Companies House register