FABB Projects Limited - In Administration ("the Company")

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Toby Scott Underwood and Peter David Dickens were appointed as joint administrators (“the Administrators”) of the Company on 7 June 2018.

Since incorporation, the Company has grown rapidly to nine stores across England and Scotland. Despite achieving significant revenues in such a short period, the business remained reliant on external funding to support trading losses. Without external funding, the business could not continue to meet payments as they fall due.

Given the cash flow position, the management team undertook a sales process to find a purchaser who could provide the funding required to continue to deliver the business plan and take the Company forward.

Unfortunately, it was not possible to achieve a sale and as such the directors had no option but to appoint administrators to protect the creditors of the Company.

Please refer to the information provided in the relevant sections below.

For any other queries please email fabbsofas@uk.pwc.com

Customer update 27 July 2018 - ring fenced deposits

We are pleased to confirm that we have refunded those customers where we have received a claim form. The payments should arrive with customers by Tuesday 31 July.

Please note that the customer helpline is not currently operational. Please see a brief update below:

Statement of claim forms
We are unable to acknowledge receipt of any statement of claim forms due to the high volume of claims. Further updates will be posted on this website so please keep checking for the latest information.
 

Documents Available to Download

Joint administrators' proposals for achieving the purpose of the administration

Statement of Affairs

Remuneration Report - Initial Information to Creditors including Fees Estimate

 

 

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