Companies House data shows that a new company, Black Merlin Limited, was registered in January 2020. The CEO is Shane Carruthers
Shane Carruthers was also a director of XJC Limited which went into administration in December 2019.
The Administrators published a progress report in June 2020:
https://beta.companieshouse.gov.uk/c...6a2N4/document
The report showed that the total amount realised from sale of assets, after administration costs, was around £125K. Section 9.5 shows 255 creditors were owed approximately £4.5m, so the creditors will receive very little, if anything..