DCC Concepts Limited (09785401): administration
- Status
- In administration
- Administration began
- 2026-02-18
- Administrators
- Emma Mifsud, Mark Nicholas Ranson
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2015-09-21
- Location
- Milton Keynes
- Industry
- 32409 Manufacture of other games and toys, n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
Due to the reasons listed in section 2 of this report, the Company has been unable to pay its debts as and when they fell due and as a result, the directors have been under pressure to ensure payment of creditors while the company was experiencing cashflow problems.
HMRC, as one of the Company's largest creditors, had previously agreed to a time to pay arrangement. However, in the period leading up to the administration, the Company fell into arrears on this agreement. It is likely that due to their established procedures they would have shortly issued a notice of enforcement or issue a winding up petition, without prior notice. Additionally, as the finance creditors would shortly be in arrears, it was expected that enforcement action would also be imminent in this regard. As there were arrears of 9 months relating to the warehouse, there were concerns over the security of the stock held there.
As a result of the growing pressure, Richard Johnson, the director, was introduced to Opus Restructuring LLP. Richard met with Emma Mifsud on 12 January 2026 to explore what options were available for the Company. During this meeting, it became apparent that the Company was Insolvent.
Administrators' statement of proposals (2026-03-06) · Companies House register