The Mill School (Potterne) Limited (02839321): administration
- Status
- Administration ended
- Administration began
- 2012-02-28
- Administrators
- Nicola Jayne Fisher, Christopher Herron
- Administrators' firm
- The Bailey Partnership
- Formerly
- Sizerandom Company Limited
- Incorporated
- 1993-07-26
- Location
- Croydon
- Industry
- 8010
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
The company traded as an independent preparatory schoo! for boys and girls aged 2 -11 based in Potterne in Wiltshire
The school was established in 1958 and was based in a historic building set in four acres of grounds The schoo) had a separate form for each schoo! year, with a maximum of sixteen pupils per form, as well as a purpose-built nursery The school also offered facilities for sport, music, drama and art as well as clubs and after school programmes
In 2011 the company ran into financial difficulty and its shares were purchased by a holding company, MDSH Limited, controlled by one of the parents and his business associate Another company controlled by these two individuals lent a large amount of money to the company to keep the school afloat, some of which was used to make payments to the secured creditor (a separate, unconnected, individual) to reduce the outstanding debt to him
Administrators' statement of proposals (2012-04-19) · Companies House register