Proportion London Limited (02597122): administration
- Status
- Administration ended
- Administration began
- 2019-07-18
- Administrators
- Andrew John Duncan, Alex David Cadwallader
- Administrators' firm
- Leonard Curtis
- Formerly
- Stockman London Limited; Siegel & Stockman Limited; Shelfco (No. 603) Limited
- Incorporated
- 1991-04-02
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
A detailed history and background is contained at Appendix L, including information in relation to the prepackaged sale of the business and assets in accordance with the provisions of Statement of Insolvency Practice 16 {SIP 16").
Leonard Curtis were instructed by the directors on 26 June 2019 to consider and assist them with preparing and negotiating an agreement to sell the business and certain assets of the Company, by way of a pre-packaged (‘Pre-Pack’) sale.
A Notice of Intention to Appoint Administrators was filed in the High Court of Justice, Business and Property Courts of England and Wales in Birmingham by the director on 5 July 2019. A Notice of Appointment of Administrators was subsequently filed in the same Court on 18 July 2019 and Alex Cadwallader and Andrew Duncan of Leonard Curtis were appcinted as Joint Administrators. Immediately following their appointment, the Joint Administrators completed the Pre-Pack sale to PL Visual Limited ("PLV"), as detailed at Appendix L.
Administrators' statement of proposals (2019-08-22) · Companies House register