The Royal National Rose Society (02884578): administration
- Status
- Administration ended
- Administration began
- 2017-05-15
- Administrators' firm
- PKF
- Incorporated
- 1993-12-22
- Location
- London
- Industry
- 94990 Activities of other membership organisations n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Pension deficit
From the administrators' statement
3.1 On 2 May 2017 the Company’s Secretary, Rosalyn Hamilton, on behalf of the board of directors, had a lengthy telephone conversation with the Pension Trustees and Pension Protection Fund as a result of the Company’s large pension deficit.
3.2 Asa result of this conversation and despite negotiations in how best to deal with the liability it was determined that the Company was not in a position to be able to further adhere to the pension schemes financial requirements.
3.3 The board of directors took steps to seek potential investors for the Company, in order to keep the Company trading and in an attempt to address the deficit, however these efforts were unsuccessful.
Administrators' statement of proposals (2017-07-15) · Companies House register