Appointment of administrators
NXG GLOBAL GROUP LIMITED
The notice announces the appointment of Michael James Meston Reid as administrator of NXG GLOBAL GROUP LIMITED on 19 August 2026.
Notice details
- Company
- NXG GLOBAL GROUP LIMITED
- Company number
- SC553204
- Nature of business
- Holding company
- Registered office
- MHA, 12 Carden Place, Aberdeen, AB10 1UR
- Principal trading address
- Ness Point, Blackness Road, Altens Industrial Estate, Aberdeen, AB12 3LH
- Administrator
- Michael James Meston Reid
- Administrator number
- IP No 7327
- Date of appointment
- 19 August 2026
- Court
- In the Court of Session
- Case number
- No P169 of 2025
- Contact
- The Administrator, Tel: 01224 625554, email: [email protected]; Alternative contact: Laura Dunn, Tel: 01224 625554, email: [email protected]
What this notice means
Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
Read more: Company Administration Explained.
How does this notice affect you?
Choose what applies and we'll point you at the right next step.
A written-off invoice rarely stops at the company that failed. The supplier left short is often the next business in difficulty — and the earlier that's dealt with, the more options stay open. If NXG GLOBAL GROUP LIMITED owed you money, it's worth checking where that leaves you.
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from K2. The insolvency practitioner named in this notice should send you a case reference — you'll need it to claim.
K2 has backed and restructured UK businesses since 1990, including buying trade and assets out of distress. These situations move in days rather than months, so if you're looking at NXG GLOBAL GROUP LIMITED or something similar, start the conversation early.
If your business is under pressure — creditors circling, a petition threatened, or cash running out — acting early changes the outcome. K2 has helped UK directors turn things around since 1990. Talk to us in confidence.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More administration notices
Frequently asked questions
Has NXG GLOBAL GROUP LIMITED gone into administration?
The London Gazette published a Appointment of administrators for NXG GLOBAL GROUP LIMITED (company no. SC553204) on 28 August 2026. Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
What does a Appointment of administrators mean?
Administration is a formal insolvency process in which licensed insolvency practitioners (the administrators) take control of a company to try to rescue it as a going concern, or — where that is not possible — to achieve a better result for creditors than an immediate winding-up and to realise the assets. A statutory moratorium halts most legal action against the company while the administrators act.
NXG GLOBAL GROUP LIMITED owes me money — what can I do?
If NXG GLOBAL GROUP LIMITED owes you money you are a creditor in the process. The insolvency practitioner named in the notice will write to known creditors and invite claims. Unsecured creditors rank after fixed-charge holders, the costs of the insolvency, preferential creditors and floating-charge holders, so recovery depends on what is left in the estate.
I worked for NXG GLOBAL GROUP LIMITED — how do I claim what I am owed?
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from the company or from K2. The insolvency practitioner named in this notice should give you a case reference to claim with.
Source: The London Gazette and Companies House. Contains public sector information licensed under the Open Government Licence v3.0. © Crown copyright. This page is provided by K2 Partners for information only and is not legal or financial advice.