Cult International Limited (16020722): administration
- Status
- In administration
- Administration began
- 2025-07-07
- Administrators
- Craig Povey, Gareth Prince
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2024-10-16
- Location
- Birmingham
- Industry
- 73110 Advertising agencies
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Cult International Limited was incorporated in October 2024. The Company traded from premises at 409 Black & White FOR A, 74 Rivington Street, London, EC2A 3AY, although the majority of its workforce worked remotely. The Company operated as an advertising agency from incorporation.
Bridey Rae Lipscombe became a director of the Company 27 November 2024, continuing trade from the acquisition from a previous company, Cult London Limited, along with previous directors David James Starling and Catherine Alice Turner, who resigned as directors in February and March 2025 respectively. Cult London Limited entered into creditors voluntary liquidation on 27 March 2025, with Craig Povey and Mark Malone of Begbies Traynor appointed as joint liquidators. The acquisition of the business and assets of Cult London Limited to Cult International Limited took place prior to the joint liquidators’ appointment.
Please note, that the joint administrators considered the previous, connected, insolvency appointment and do not believe that accepting the appointment as joint administrators’ would give rise to any conflicts to the fundamental principles of ethics and independence.
Administrators' statement of proposals (2025-09-01) · Companies House register