Brocket Hall International Limited (03274854): administration
- Status
- Administration ended
- Administration began
- 2015-03-31
- Administrators
- Mark Nicholas Cropper, Anne Clare O'Keefe, Charles Peter Holder
- Administrators' firm
- AlixPartners
- Incorporated
- 1996-11-01
- Location
- London
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
AlixPartners Services UK LLP (AlixPartners) was introduced to the Company by HSBC, 1n its capacity as the Company’s secured creditor, in early 2010 HSBC holds a debenture comprising fixed and floating charges over the business and assets, dated 31 January 2008.
In February 2010, HSBC requested a high level review of the Company’s short-term cash-flow position and the current financial performance at that time. The remit of this scope of work extended to completing a review of the existing commercial environment in which the business was operating.
Shortly after this initial review, HSBC and the Company engaged AlixPartners to produce a high level review of management's five year strategic plan and business model, to form the basis of discussions to explore a potential re-financing of the Company The business was expertencing cash-flow problems at this time.
Administrators' statement of proposals (2015-06-02) · Companies House register