# Stride Supplies Redditch Ltd (16007992)

> Why UK company 16007992 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/16007992

- **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- Funding withdrawn / unable to refinance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 (£)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/16007992/filing-history/MzQ5NTc3ODE3N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/16007992

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