Measurable Ltd (11403660): administration
- Status
- In administration
- Administration began
- 2026-07-15
- Administrators
- Allister Manson, Bradley Parrott
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2018-06-07
- Location
- Milton Keynes
- Industry
- 26400 Manufacture of consumer electronics
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
Despite the Company winning some promising mandates with customers in 2025 and 2026, the Company had not yet achieved cash break-even status. As a result, it was continuing to accumulate debt that was hindering its ability to continue operations without further incoming external investment.
Despite significant efforts to procure further equity investment by the Board of Directors, a complicated historic capital structure hindered the Company’s ability to close an investment round. As a result, the Directors of the Company, aware of their fiduciary duties as the Company was insolvent, contacted Opus Restructuring LLP on 20 March 2026 to discuss the options for the Company and, subsequently, to instigate the proceedings for the Company to enter Administration.
By the end of May 2026, it had become apparent that neither the Company’s existing nor any future investors were in a position to advance the necessary funding in order to fund continuing operations and obligations that had been entered into.
Administrators' statement of proposals (2026-09-07) · Companies House register