Yell Holdings 2 Limited (04180359): administration
- Status
- Administration ended
- Administration began
- 2014-02-28
- Administrators
- Ian Colin Wormleighton, Neville Barry Kahn, Philip Stephen Bowers
- Administrators' firm
- Deloitte
- Formerly
- Marchprobe Limited
- Incorporated
- 2001-03-15
- Location
- London
- Industry
- 73110 Advertising agencies
From the administrators' statement
The Group has been in discussions with its Lenders to seek to agree a financial restructuring for 18 months tn view of the significant financial difficulties facing the Group Those discusstons resulted in the Restructuring, which was implemented on 3 March 2014 As part of the Restructuring all equity in the operating subsidiaries in the Group was transferred to Lender controlled companies in exchange for a debt write-down
The Restructuring was implemented via a series of Schemes of Arrangement and Administrations of the Companies On 19 February 2014, approximately 87 5% by value (100% of those voting) of the Lenders approved the Schemes of Arrangement and, following that approval and sanction of the Schemes of Arrangement by the court, the directors of the Companies appointed administrators using an out of court process (with the exception of Finance BV which was a court appointment)
Administrators' statement of proposals (2014-03-19) · Companies House register