Warmlight Windows Doors and Conservatories Limited (09439634): administration
- Status
- In administration
- Administration began
- 2024-12-18
- Administrators
- Stuart Philip Kelly, Clare Harsley
- Administrators' firm
- Aaron & Partners
- Formerly
- Warmlight Windows Limited
- Incorporated
- 2015-02-13
- Location
- Liverpool
- Industry
- 43342 Glazing
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1 The Company obtained a loan with Bizcap on 26 September 2024 for £55,200. This loan was to be repaid in weekly amounts of £2,519.50 over a period of 22 weeks. The Company adhered to the agreed terms for one week before subsequently reducing the repayment amount to £1,008, which was frequently overlooked. Bizcap made attempts to engage with the management of the Company to get repayments back on track but received no co-operation.
3.2 Bizcap therefore approached SPK Financial Solutions Limited (“SPK”) on 26 November 2024 to engage with the Company to try and facilitate some form of repayment or refinancing. SPK sent out an initial letter advising Bizcap will seek to enforce its security unless an adequate response or payment is received. This initial letter was sent to the Director and the Company on 26 November 2024. However, Between November to December little co-operation from management was received and calls and correspondence went mainly unanswered.
3.3 At this point, the Company’s assets were at risk of being dissipated. Bizcap had no oversight of bank accounts and little to no communication with management. In order to protect its position, Bizcap instructed solicitors, Aaron & Partners LLP (“A&P”) to file a Notice of Intention to Appoint Administrators and asked SPK’s Insolvency Practitioners to act as Administrators. The Notice of intention was issued on 2"¢ December 2024 and as no further correspondence was received form the Director or the Company, the Notice of Appointment was then filed at court on 18 December 2024.
Administrators' statement of proposals (2025-02-07) · Companies House register