Hydrate Drinks Group Limited (10843995): administration
- Status
- In administration
- Administration began
- 2025-12-01
- Administrators
- Stephen Berry, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Formerly
- Happy Drinks Group Limited; Happy Drinks Co Limited; Skinny Drinks Group Limited; Skinny Tonic Limited; Halo Drinks Company Limited; Halo Capital Limited
- Incorporated
- 2017-06-30
- Location
- Liverpool
- Industry
- 11070 Manufacture of soft drinks; production of mineral waters and other bottled waters
From the administrators' statement
Jason Dean Greenhalgh of Begbies Traynor (Central) LLP was initially contacted by RCM on 21 November 2025. RCM had initially been contacted by another Insolvency Practitioner at PKF Littlejohn Advisory (“PKF”), who had informed them that the Company had engaged them to explore a prepackaged sale of the Company’s business and assets.
During the period of their engagement, PKF had undertaken a suitable marketing campaign which commenced on 31 October 2025 and as a result of their marketing, two parties submitted offers. One offer was received from a connected party, the other from an unconnected party. The unconnected party offer was conditional upon novating equipment leases; however, the financier had confirmed its willingness to transact with the connected party.
PKF, and their appointed agents, agreed that due to the significant risk that a sale to the unconnected party might not be deliverable, in view of the above-mentioned condition, and within the required timescales, their offer be rejected and an offer from the connected party in the amount of £175,000 be accepted.
Administrators' statement of proposals (2026-01-22) · Companies House register