Silicon Asset Management Limited (12804690): administration
- Status
- In administration
- Administration began
- 2026-07-15
- Administrators
- Carrie James, Nicholas Parsk
- Administrators' firm
- FRP Advisory
- Incorporated
- 2020-08-11
- Location
- Slough
- Industry
- 82911 Activities of collection agencies
From the administrators' statement
3.1 The sole director and shareholder of the Company, David Nutchey, passed away at the end of March 2026 leaving the Company without any leadership or control. His death was intestate and as a result there was no one with authority to appoint anew director who could manage the Company's affairs.
3.2 Silicon Marketing Limited (“SML’), a connected party of the Company by virtue of common shareholding was placed into Administration by United Kash Limited, a creditor of that company.
3.3 It became clear that the Company and SML were intrinsically linked and interchangeably traded. This was emphasised when the Joint Administrators of SML sought to assist the employees with their claims from the Redundancy Payments Service (“RPS”), discovering that all employees but the director were employed by this Company. As such, it was only possible to assist the employees once a insolvency procedure had been commenced for this Company.
Administrators' statement of proposals (2026-09-15) · Companies House register