# Formaplex Technologies Limited (13455259)

> Why UK company 13455259 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13455259

- **Status:** Administration ended
- **Administration began:** 2024-01-16
- **Administrators' firm:** Alvarez & Marsal
- **Incorporated:** 2021-06-14
- **Location:** Brighton
- **Industry:** 32990 Other manufacturing n.e.c.

## Why it went into administration

- Cash flow / liquidity pressure
- Sustained trading losses

## From the administrators' statement

According to management accounts, the Company was loss-making in the period leading up to our appointment, which caused liquidity issues. The liquidity issues were further exacerbated by the delay of a major contract in September 2023.

The Director took independent advice in the lead up to the appointment from Eversheds Sutherland.

A&M was introduced to the Company on 1 November 2023 by Andrew Burn, who was acting as the Company’s Chief Restructuring Officer.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13455259/filing-history/MzQxMzA5NDIyNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13455259

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.