Fablink Group Holdings Limited (10648520): administration
- Status
- Administration ended
- Administration began
- 2024-09-12
- Administrators
- Christopher Robert Pole, Ryan Kevin Grant
- Administrators' firm
- Interpath Advisory
- Formerly
- HC1281 Limited
- Incorporated
- 2017-03-02
- Location
- Birmingham
- Industry
- 25110 Manufacture of metal structures and parts of structures
Why it went into administration
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated in March 2017 and operated as a holding company for the entities in the Group as detailed in Section 2. The company had no employees, and its principal asset was the 5 trading entities it owned.
3.2 Funding and financial position of the Company
The Company was primarily funded by the Bank who provided a loan under the Recovery Loan Scheme (‘RLS’), a Revolving Credit Facility (‘RCF’) and a chattels mortgage. At the time of our appointment, the indebtedness totalled £8.4 million. A cross-guarantee is held by the Bank over all Group entities for this indebtedness.
Administrators' statement of proposals (2024-10-02) · Companies House register