Spafield Limited (12509975): administration
- Status
- In administration
- Administration began
- 2023-06-14
- Administrators
- Steve Kenny
- Administrators' firm
- KBL Advisory
- Incorporated
- 2020-03-11
- Location
- Sale
- Industry
- 31090 Manufacture of other furniture
Why it went into administration
- Property / lease costs
From the administrators' statement
3.1 The directors approached KBL Advisory Limited on 31 May 2023. A meeting also took place on 31 May 2023, at which a review of the Company’s financial position was carried out and it was established that the Company had limited working capital to continue to trade. At the time of the meeting, the Company was in substantial rent arrears with its landlord. The landlord is owed an estimated £100,660 at the date of Administration.
3.2 Options were considered by the Director and it was concluded that a wind down administration was considered to be the preferred course of action and the director proceeded to formally engage KBL Advisory Limited to assist with this process on 1 June 2023.
3.3 On 1 June 2023, a Notice of Intention to Appoint an Administrator was sworn by the director. This document was filed in the High Court of Justice Business and Property Courts of Leeds and served on Skipton who are a qualifying floating charge holder.
Administrators' statement of proposals (2023-09-08) · Companies House register