From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me and not from my personal knowledge as Administrator.

| was contacted by the Director of the company on 26 September 2024 to discuss the financial position of the Company. The Director was conscious that there were cashflow issues within the business, but felt that the company could continue to trade and believed that the forthcoming Christmas trade at that time could rescue the business. There was a high debt burden on the Company although the director had been in contact with suppliers and finance providers to advise them of the situation.

The Director was also in discussions with potential interested parties to take over the business.

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Kecks Ltd (10967578)

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