NC 2026 Limited (12367935): administration
- Status
- In administration
- Administration began
- 2026-03-27
- Administrators
- Anthony John Wright, Alastair Massey
- Administrators' firm
- FRP Advisory
- Formerly
- Niclen UK Limited
- Incorporated
- 2019-12-17
- Location
- London
- Industry
- 77390 Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Following the UK’s departure from the European Union, the Company sought professional advice from a customs agent and tax advisor regarding the appropriate treatment of equipment imported from Germany for fulfilment of UK customer orders.
In December 2024, HMRC initiated a routine audit of the Company’s records and concluded that the Company had been using the incorrect VAT accounting method for imported rental equipment. Based on the alternative method advised by HMRC, it could result in the Company owing HMRC c.£4.7m.
As a result, the Company sought advice from DLA to challenge and clarify the appropriate VAT treatment. In August 2025, the Company’s solicitors, DLA, introduced the board to Tony Wright of FRP to seek professional restructuring advice.
Administrators' statement of proposals (2026-04-15) · Companies House register