AAD77 Limited (14438167): administration
- Status
- Administration ended
- Administration began
- 2024-03-26
- Administrators
- Stephen Hunt
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2022-10-24
- Location
- Northampton
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 24 October 2022 and traded as for a limited period but filed no accounts or annual returns. Apart from the registration of the debenture and a proposal to strike off filed on 20 February 2024 nothing was filed save for my appointment as Administrator on 26 March 2024.
The Company received loans totalling £3,000,000 under the debenture, and which following the deduction of arrangement fees, were paid to third parties, and not retained by the Company.
The loans were entered into to enable the Company to invest in Fortress Capital Partners Limited (“Fortress”) and OG Marketplace Limited (“OGML"). | refer to these investments in more detail below.
Administrators' statement of proposals (2024-05-29) · Companies House register