# Mathmic Limited (09084022)

> Why UK company 09084022 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09084022

- **Status:** Administration ended
- **Administration began:** 2018-02-15
- **Administrators:** Paul Anthony Higley, Paul James Pittman
- **Administrators' firm:** Price Bailey
- **Incorporated:** 2014-06-12
- **Location:** London
- **Industry:** 32990 Other manufacturing n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Mathmic Limited is a holding Company based in Walthamstow, London, which was incorporated on 12 June 2014. The Company holds a majority shareholding in Decra Limited (“Decra’), a decorative joinery business specialising in the design, manufacture, delivery and installation of cubicles and washroom systems. The Company also owns fixed assets used in the Decra business and is owed a loan by Decra in relation to management charges and funding provided to Decra.

On 3 November 2017, the Company entered into a fixed and floating charge with McCallan over all the property and undertakings of the company. The charge secured a loan of £100,000 made to the

Company at the time of entering into the charge.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09084022/filing-history/MzIwMzY1OTU5OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09084022

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