Appointment of administrators
Associated Yarns Limited enters administration
In short: Associated Yarns Limited (company no. 03264371) entered administration, according to a Appointment of administrators notice published in The London Gazette on 19 October 2026. The office holders are Mike Dillon (IP No. 24610); Katy McAndrew (IP No. 24470), appointed 12 October 2026. The case is before the Business and Property Courts in Manchester (case CR-2026-MAN-001417). The company's business: wholesale of textiles; activities of head offices, trading from Prima House, Alexandra Trading Estate, Ashton Road, Golborne Warrington, Cheshire, WA3 3UL.
The notice announces the appointment of Mike Dillon and Katy McAndrew as joint administrators of Associated Yarns Limited.
Notice details
- Company
- Associated Yarns Limited
- Company number
- 03264371
- Nature of business
- Wholesale of textiles; Activities of head offices
- Registered office
- Prima House, Alexandra Trading Estate, Ashton Road, Golborne Warrington, Cheshire, WA3 3UL
- Principal trading address
- Prima House, Alexandra Trading Estate, Ashton Road, Golborne Warrington, Cheshire, WA3 3UL
- Administrator(s)
- Mike Dillon (IP No. 24610); Katy McAndrew (IP No. 24470)
- Date of appointment
- 12 October 2026
- Court
- High Court of Justice Business and Property Court in Manchester, Company and Insolvency List
- Case number
- CR-2026-MAN-001417
- Contact
- The Joint Administrators, Email: [email protected]; Alternative contact: Nicola Carlton. Ag VK71736
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.
What happens next
The administrators must send their proposals to creditors as soon as reasonably practicable, and in any event within eight weeks of appointment. An administration lasts one year unless creditors or the court extend it. It ends in one of a small number of ways: a sale of the business or its assets as a going concern, a company voluntary arrangement, a move into liquidation, or dissolution where there is nothing left to distribute.
Quote case number CR-2026-MAN-001417 and the Business and Property Courts in Manchester in any correspondence about the case.
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 ASSOCIATED YARNS 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's founder has turned around UK businesses since 1990, and K2 has backed and restructured them since 2001, including buying trade and assets out of distress. These situations move in days rather than months, so if you're looking at ASSOCIATED YARNS 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's founder has helped UK directors turn things around since 1990. Talk to us in confidence.
Is your own business showing the same warning signs?
Falling margins, stretched creditors, overdue filings and HMRC arrears usually appear months before a Gazette notice. Directors who act at that stage keep far more options open, from an informal turnaround to a CVA or restructuring plan.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More administration notices
Frequently asked questions
Has Associated Yarns Limited gone into administration?
The London Gazette published a Appointment of administrators for Associated Yarns Limited (company no. 03264371) on 19 October 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.
What happens next?
The administrators must send their proposals to creditors as soon as reasonably practicable, and in any event within eight weeks of appointment. An administration lasts one year unless creditors or the court extend it. It ends in one of a small number of ways: a sale of the business or its assets as a going concern, a company voluntary arrangement, a move into liquidation, or dissolution where there is nothing left to distribute.
Who is dealing with the administration?
The office holders named in the notice: Mike Dillon (IP No. 24610); Katy McAndrew (IP No. 24470), appointed 12 October 2026. Creditors, employees and anyone holding goods or money belonging to the company should contact them directly, quoting the company number and case number CR-2026-MAN-001417.
The company owes me money — what can I do?
You are a creditor in the process. The insolvency practitioner named in the notice will write to known creditors and invite claims; if you have not heard from them, contact them with your invoices. 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 there — 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.