# Needan Limited (10294030)

> Why UK company 10294030 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10294030

- **Status:** In administration
- **Administration began:** 2026-07-24
- **Administrators:** Stuart Philip Kelly, Clare Harsley
- **Administrators' firm:** FRP Advisory
- **Formerly:** Needanwood Limited
- **Incorporated:** 2016-07-25
- **Location:** Prescot
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Parent or group failure

## From the administrators' statement

3.1

A connected company by way of common director and shareholders, FCE, obtained a Line of Credit Loan agreement with Bizcap on 19 August 2025 with a credit limit of £250,000, for which the Company acted as corporate guarantor. The full £250,000

facility was drawn down on 21 August 2025. Under the terms of the agreement, the loan was repayable by way of weekly payments calculated by reference to the amounts drawn down during the relevant week.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10294030/filing-history/MzU0NTk4MTk0M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10294030

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