# Lifecycle Oils Ltd (11374746)

> Why UK company 11374746 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11374746

- **Status:** In administration
- **Administration began:** 2025-12-12
- **Administrators:** Michael John Magnay, Michael Thomas Denny
- **Administrators' firm:** Alvarez & Marsal
- **Incorporated:** 2018-05-22
- **Location:** Brighton
- **Industry:** 38110 Collection of non-hazardous waste

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

Full details of the events leading up to the administration can be found in the Statement of Insolvency Practice 16 ("SIP 16") statement at Appendix 4. A brief summary is provided below which should be read in conjunction with the SIP 16 statement.

As mentioned above, the Company had implemented a restructuring exercise to reduce the cost base and minimise the losses incurred. Despite this exercise, the Company had identified a material funding requirement and was not forecast to breakeven until 2028. A&M was initially introduced to the Company by Simon Adcock and Chris Coulton of Gresham House in April 2025, regarding Gresham House’s investments in the Company.

Following this initial introduction, the Company engaged A&M to understand the options available to it and requested A&M to undertake a contingency planning exercise on 30 September 2025.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11374746/filing-history/MzQ5NTQxMzM5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11374746

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