Staffordshire Outbuildings Limited (12251965): administration
- Status
- In administration
- Administration began
- 2026-02-06
- Administrators
- Emma Mifsud, Mark Nicholas Ranson
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2019-10-09
- Location
- Milton Keynes
- Industry
- 16290 Manufacture of other products of wood; manufacture of articles of cork, straw and plaiting materials
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Due to the reasons set out in part 2 of this report, the Company was unable to pay its liabilities as and when they feel due and was under pressure from a number of its creditors. The director approached Opus by way of recommendation from a solicitor contact of the director on 21 October 2025. Opus subsequently provided advice to the director on 25 October 2025 outlining the options available. After consideration, the director resolved to explore a prepackaged sale of the Company’s assets and to place the Company into administration.
In most cases involving a pre-packaged sale, an insolvency practitioner’s firm is initially engaged by the insolvent company to help its director to consider the company’s options for resolving its financial affairs. If it is then decided that an administration is appropriate, the company may then instruct the insolvency practitioner’s firm to assist the company and its directors to issue the statutory notices to commence the process and assist the company to take steps towards selling its assets to achieve the best available outcome for creditors as a whole in all the circumstances. Once appointed as Administrator, the role of the insolvency practitioner is to manage the Company’s affairs, business and assets with the objective of achieving a statutory purpose of an Administration. In the event of a pre-packaged sale, this involves concluding a sale of the business and/or assets shortly after the Administration has begun.
In case prior to commencement of the Administration, the insolvency practitioners of Opus Restructuring LLP took their own steps to prepare for their potential appointment as Joint Administrators. They worked alongside professional and independent agents to consider the strategy. After consideration, it appeared that the most advantageous strategy was to sell the Company’s assets of the Company immediately on appointment, as this strategy would achieve the best outcome for creditors as a whole. Entering administration and trading the business was not considered an option as the Company had ceased to traded prior to contacting Opus.
Administrators' statement of proposals (2026-02-25) · Companies House register