Friday Labs Limited (09220981): administration
- Status
- Administration ended
- Administration began
- 2018-10-01
- Administrators
- Peter Kubik
- Administrators' firm
- Insolvency Practitioners of Uhy Hacker Young
- Formerly
- Sesame Labs Limited
- Incorporated
- 2014-09-16
- Location
- London
- Industry
- 25720 Manufacture of locks and hinges
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Due to the increasing creditor pressure and cash flow difficulties, the business was unable to continue trading. A board meeting was convened were it was resolved that the Company would be placed into Administration.
Peter Kubik was appointed Administrator of the Company on 1 October 2018 following the directors’ resolution to appoint an Administrator.
Please note that the EU Regulation on insolvency proceedings apply in this case and these proceedings are main proceedings as the centre of main interest is 12 Henrietta Street, London, WC2E 8LH, being the Company’s registered office, and is based in the United Kingdom.
Administrators' statement of proposals (2018-11-29) · Companies House register