# Juniper (No. 7) Limited (02649336)

> Why UK company 02649336 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02649336

- **Status:** Administration ended
- **Administration began:** 2013-07-09
- **Administrators' firm:** BDO
- **Formerly:** Mining Services Ltd; RJB Mining Services Ltd; R.J. Budge (Plant) Limited; Elkinfield Limited
- **Incorporated:** 1991-09-27
- **Location:** 29 Wellington Street
- **Industry:** 05102 Open cast coal working

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Regulatory change or action
- Loss of a key customer, supplier or contract
- Pension deficit

## From the administrators' statement

The group in its current form was created through a fundamental restructure in 2012, required in order to preserve the value in both the property and mining businesses for the benefit of all creditors. The restructure allowed for the group to be split into separate mining and property businesses and to benefit from additional support from key stakeholders.

Ocanti Opco Limited formerly UK Coal Operations Limited (“OPCO”) operated two sections within two industry wide defined benefit pension scheme with a combined deficit of nearly £888 million (ona section 75 buy-out basis}. These schemes were created on privatisation in 1994 (see further details below)

The mining property sides of the original group were separated via a unique solution where the pension schemes were left in the mining company only and the schemes were able to invest £30 million into the newly formed property business, headed by Harworth Estates. The property business contained the property assets and associated bank debt and security. This consensual restructure was supported by all of the original group’s main stakeholders, including shareholders, banks, customers, the pension schemes and the government, giving both the mining and property business improved prospects for the future.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02649336/filing-history/MzA4NDM0MTM1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02649336

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.