Make Lemonade Agency Limited (12355059): administration
- Status
- Administration ended
- Administration began
- 2023-07-06
- Administrators
- Paul Ellison, David Ronald Taylor
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Niche Website Builders Ltd
- Incorporated
- 2019-12-09
- Location
- Reading
- Industry
- 73110 Advertising agencies
Why it went into administration
- Sustained trading losses
From the administrators' statement
3.1 The directors contacted KRE Corporate Recovery Limited to help understand the options available to the business. Putting the Company into a Company Voluntary Arrangement (CVA) was discussed, which would have allowed the Company to extend payments of its debts, whilst continuing to trade.
3.2 Given the rapid decline in revenue however and the inability to predict if it was likely to continue falling, it was decided that the business should not continue trading and instead the decision was made to place the Company into administration.
3.3. No Moratorium under Part Ai of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-08-15) · Companies House register