Orient Regeneration (03341970): administration
- Status
- Administration ended
- Administration began
- 2011-05-05
- Formerly
- Orient Regeneration Trust Limited
- Incorporated
- 1997-03-24
- Location
- St. Albans
- Industry
- 7487
Why it went into administration
- Bad debts / customer insolvency
- Property / lease costs
- Creditor pressure / legal action
From the administrators' statement
The company 1s a registered charity (number 1066883) and a company limited by guarantee It was established in March 1997 and operated as a community development trust with its primary geographical focus of work in the Waltham Forest area It operated under the style of ‘O-Regen’ and employed 25 staff prior to administration
Its main purpose was to provide training and guidance in a number of areas including advice to people who wish to obtain work, skills assessment and help with training needs This was done by undertaking a number of projects which required the company to support voluntary and community groups The company was also responsible for dispersing to other charities and groups from sums paid to it under the grassroots scheme
The company banked with Allied Irish Bank plc but recently did not have overdraft facilities The only amounts outstanding at the date of administration to the bank ts a loan of £76,055 secured by way of a fixed and floating charge debenture over the assets of the company and specific fixed charge security over 5 of the properties of the company
Administrators' statement of proposals (2011-08-04) · Companies House register