Stage 50 Ltd (12691757): administration
- Status
- Administration ended
- Administration began
- 2024-04-02
- Administrators
- Stephen John Absolom, Nicholas Holloway
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2020-06-23
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 23 June 2020. The Company acts as the holding entity for the Group and does not own any material physical assets. At the date of our appointment, the Company employed five staff and held a number of contracts for Group services.
As detailed above, on 25 March 2024, SCIO appropriated the shares of Wycombe and Winnersh. We are in the process of understanding the value of these subsidiaries at the time of appropriation.
Our investigation into the affairs of the Company, as outlined in Section 4.2, is in its early stages.
Administrators' statement of proposals (2024-05-24) · Companies House register