MWB Serviced Office Holdings Limited (04129282): administration
- Status
- Administration ended
- Administration began
- 2012-12-10
- Administrators' firm
- Deloitte
- Formerly
- MWB (Hotel LP Shareholder) Limited
- Incorporated
- 2000-12-18
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Companies acted as holding or service companies for the Group As a result they were reliant upon funding from their operating subsidiaries in order to meet the costs associated with the Companies
During the year the directors had sought to obtain financing through discussions with both secured and unsecured finance parties but were unable to raise new funding for the Group
MWBG had agreed for certain monthly payments to be made by its 75% owned subsidiary, MWB Business Exchange plc, to allow MWBG to continue to trade
Administrators' statement of proposals (2013-01-22) · Companies House register