Hybrid Facilities Management Limited (12907666): administration
- Status
- In administration
- Administration began
- 2026-04-01
- Administrators
- Richard Cole, Steve Kenny
- Administrators' firm
- KBL Advisory
- Incorporated
- 2020-09-28
- Location
- Sale
- Industry
- 20412 Manufacture of cleaning and polishing preparations
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
As noted above, KBL met with Mark Wilson and Michael Wynn, the Directors of the Company, on 02 February 2026 to discuss the financial position and the insolvency options availale to the Company. The options that were considered between the Director and KBL Advisory Limited are explained in details in the SIP 16 statement which can be found at Appendix IV. However, in summary at the meeting it was concluded that Administration was the most suitable insolvency procedure for the Company as it would best allow for the possibility of selling the business as a going concern.
A pre-pack administration was considered to be the appropriate course of action as it would enable the transfer of the 190 employees and prevent a break in supply of goods and services, which would enable a value to be achieved for goodwill. Following discussion with the Directors and the options available, the strategy to place the Company into Administration was agreed.
The Directors filed a Notice of Intention to Appoint Administrators on 19 March 2026 in order to obtain the statutory moratorium to protect the Company from creditor action whilst a period of marketing was undertaken and matters relating to the appointment were considered. A copy of the Intention to Appoint Administrators was served on Bibby in their capacity as debenture holder. No objection was received from the Chargeholder regarding the proposed appointment.
Administrators' statement of proposals (2026-06-18) · Companies House register