Stride Supplies Redditch Ltd (16007992): administration
- Status
- Administration ended
- Administration began
- 2025-11-12
- Administrators
- William Innes
- Administrators' firm
- Kroll
- Incorporated
- 2024-10-09
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company purchased the business and assets of SSL for the sum of £300k on 23 October 2024, with £100k payable on completion. The remaining £200k of the total sale consideration was payable on a deferred basis, in two equal instalments of £100k, payable on or before 23 April 2025 and 23 July 2025 (“the Deferred Consideration”). As commented above, as security for the Deferred Consideration, SSL was granted a debenture over the assets and undertaking of the Company created on 23 October 2024 and registered at Companies House on 24 October 2024.
A breakdown of the assets acquired from the Administration of SSL is as follows:
Asset Description Consideration (£)
Administrators' statement of proposals (2026-01-06) · Companies House register