LK008 Property Holdings Limited (00479484): administration
- Status
- Administration ended
- Administration began
- 2023-05-22
- Administrators' firm
- Begbies Traynor
- Formerly
- L.Kahn Manufacturing Company Limited
- Incorporated
- 1950-03-14
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 14 March 1950 and manufactures bespoke cosmetic accessories for the beauty industry, in particular the sponges used to apply make-up.
The Company has circa 29 employees.
The Company owns its own freehold premises at Wellfield Road, Hatfield AL10 OBS (“the premises”) along with another building on the same site. The premises is secured by way of a bridging loan from West One Loan Limited (“WOL”) of £4.6m which was taken out in May 2022. This loan was due to expire on 30" May 2023 This charge is registered at Companies House.
Administrators' statement of proposals (2023-08-03) · Companies House register