Landscaping & Grounds Maintenance Limited (02365473): administration
- Status
- Administration ended
- Administration began
- 2019-04-08
- Administrators' firm
- Quantuma
- Incorporated
- 1989-03-28
- Location
- Bristol
- Industry
- 81300 Landscape service activities
From the administrators' statement
3.1 Following the accelerated marketing exercise and the withdrawal of one party from the sale process. It was becoming increasingly uncertain whether a sale would be achieved. With working capital becoming critical and Lloyds only able to fund a short term arrangement it became necessary for the Directors to consider their options and establish how to maximise realisations in the event a sale did not complete.
3.2. As a result, the Directors filed a Notice of Intention to Appoint Administrators (“Nol”) on 26 March 2019 in order to benefit from the moratorium provided by the Nol. The Nol was served on the Company's’ two secured creditors, Lloyds Bank Commercial Finance Limited and National Westminster Bank Plc. 3.3
3.4
Administrators' statement of proposals (2019-06-05) · Companies House register