Safe Stage Services Limited (09935137): administration
- Status
- Administration ended
- Administration began
- 2024-04-09
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2016-01-04
- Location
- Leeds
- Industry
- 90040 Operation of arts facilities
From the administrators' statement
The Company had traded profitably in recent years, however due to a slowdown in customer orders, began to suffer cashflow issues through 2023 and into 2024. This was coupled with a significant deterioration in the current Director’s health which led him to temporarily step away from the business in 2023.
The Director of the Company made efforts to improve and turnaround the Company, however these were ultimately unsuccessful.
Interpath Advisory was introduced to the Director and the Company by a local accountancy firm. The Director concluded that insolvency was unavoidable, and steps were taken to place the Company into administration to enable review of the potential transfer of contracts and protect book debt recoveries. Accordingly, the Director of the Company resolved to appoint administrators over the Company and a notice of Intention to Appoint administrators was filed on 27 March 2024.
Administrators' statement of proposals (2024-05-30) · Companies House register