T20 AF Midco Limited (15072427): administration
- Status
- In administration
- Administration began
- 2024-12-06
- Administrators
- Lisa Marie Moxon, Christopher Benjamin Barrett
- Administrators' firm
- of Dow Schofield Watts Business Recovery
- Incorporated
- 2023-08-15
- Location
- Warrington
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 15 August 2023 with Nicholas Gordon and T20 Af Holdco Limited (“Holdco”) appointed as directors with Holdco holding 100% of the issued share capital.
On 8 September 2023, the Company acquired the business and certain assets of Austin Fraser Limited from its administrators via a pre-pack administration. The sale included shares in two foreign entities Austin Fraser Inc (AFINC) and Austin Fraser GMBH (“AFGMBH”). In addition, the Company purchased the share capital of a connected entity Austin Fraser International Limited (“AFI”) from Nicholas Gordon.
Nicholas Gordon resigned as director on 9 July 2024 and lan Munro was subsequently appointed director on 21 August 2024.
Administrators' statement of proposals (2025-02-05) · Companies House register