# Angel Group Limited (04090667)

> Why UK company 04090667 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04090667

- **Status:** Administration ended
- **Administration began:** 2012-10-12
- **Administrators:** Robert Andrew Croxen, Jane Bronwen Moriarty
- **Administrators' firm:** KPMG
- **Formerly:** Angel Group PLC; Angel Holdings (UK) Limited
- **Incorporated:** 2000-10-16
- **Location:** Birmingham
- **Industry:** 55900 Other accommodation

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Parent or group failure

## From the administrators' statement

AG and AI operate a property development and lettings business. Both companies are owned by the Director and are managed as one group

The Group had historically provided letting services for three UKBA contracts to house asylum seekers. Since the loss of the UKBA contracts the Group made efforts to privately let its properties and there have been a small number of property sales

KPMG were engaged to perform an JBR during the summer of 2011 Following this, the Group agreed to engage an independent CRO to control its cash flow, provide a level of oversight and assist in preparing a business plan for the Group

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04090667/filing-history/MzA2OTEzNTQ0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04090667

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