Mask Logic Ltd (SC688636): administration
- Status
- In administration
- Administration began
- 2026-07-20
- Administrators
- David Mcginness, Judith Howson
- Administrators' firm
- Aab Business & Tax Advisory
- Incorporated
- 2021-02-09
- Location
- Edinburgh
- Industry
- 14190 Manufacture of other wearing apparel and accessories n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
On 6 September 2025, at the request of the Board of Directors, a meeting was held with Michael Fink, a Director of the Company, and David McGinness of AAB Business & Tax Advisory LLP. The meeting was exploratory in nature and focused on the Company’s financial position, the proposed funding round and the Directors’ duties in the context of the Company’s cashflow position.
At that meeting, advice was provided on the duties of the Board where the Company was experiencing cashflow pressure and there was uncertainty around the availability and timing of further funding. In particular, the Board was advised to keep the Company’s financial position under regular review, ensure that decisions were taken collectively and properly documented, and have regard to the interests of creditors if the Company was, or was likely to become, unable to pay its debts as they fell due.
Following that meeting, the Directors considered that there remained a reasonable prospect of securing additional investment and/or achieving a sale of the Company. The Company subsequently raised further capital in December 2025, which provided additional working capital and allowed the Board to continue pursuing those options. During this period, the Directors continued to seek advice as required and to monitor the Company’s position against their statutory obligations.
Administrators' statement of proposals (2026-09-09) · Companies House register