Adaptable Consultancy Limited (12665211): administration
- Status
- Administration ended
- Administration began
- 2022-04-20
- Administrators
- Richard Howard Toone
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2020-06-12
- Location
- Birmingham
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- Property / lease costs
- Parent or group failure
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The company was incorporated on the 12th June 2020 by the sole director/shareholder Mark Andrews.
The main reason for incorporation of the Company was to sit along-side the director's other business, Adaptable Finance Ltd awaiting a business opportunity. The company lay dormant until July 2021. As part of the director’s other business he was introduced to a collection of companies, Stoneport Holdings Ltd, DB Transport Ltd, Railform Services Ltd and Southampton Logistics Ltd. These companies had been attempting to secure a Company Voluntary Arrangement with the assistance of an independent firm of insolvency practitioners.
The restructuring wasn’t going to plan and Mark Andrews was initially bought in to assist in refinancing the companies. After several meetings it was agreed that Adaptable Consultancy Ltd would acquire the trade and a number of the assets of Stoneport Holdings Limited
Administrators' statement of proposals (2022-06-06) · Companies House register