DTZ Holdings PLC. (02088415): administration
- Status
- Administration ended
- Administration began
- 2011-12-04
- Administrators' firm
- EY
- Formerly
- Debenham Tewson & Chinnocks Holdings PLC; Legibus 837 Limited
- Incorporated
- 1987-01-12
- Location
- London
- Industry
- 7011
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company's business was as a non trading parent company of a group of companies (the “Group”) providing national and international property advisory and consultancy services
The Company was the financing entity for the Group with total secured debt of £109 8m owed to the Bank on appointment
The Company was listed on the London Stock Exchange (“LSE”) and ts 53 4% owned by Saint George Participations SAS (“SGP”) with the remaining shares being widely held
Administrators' statement of proposals (2012-01-04) · Companies House register