# Bill Plant Limited (04597038)

> Why UK company 04597038 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04597038

- **Status:** Administration ended
- **Administration began:** 2017-04-27
- **Administrators:** Howard Smith, Jonathan Charles Marston
- **Administrators' firm:** KPMG
- **Incorporated:** 2002-11-21
- **Location:** Leeds
- **Industry:** 85530 Driving school activities

## Why it went into administration

- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 21 November 2002 and operated as a Learner Driver School with approximately 400 franchisees throughout the country. The Company provided administration support, bookings and vehicles. The Company’s vehicle fleet is split between vehicles subject to HP finance and rental vehicles. As outlined in Section 2 - Group Structure, the Company is owned by BPHL (80%), Mr William Plant (10%) and Ms Diane Plant (10%).

KPMG was first engaged by the Company on 15 September 2016 to review the options available to it in seeking further investment. KPMG assisted the Company to carry out a marketing process whereby 89 parties were contacted. This resulted in 6 parties signing a Non-Disclosure Agreement to receive an Information Memorandum and two parties entered into discussions with management.

An agreement was reached with Broadoak in November 2016. BPHL was incorporated to acquire 80% of the share capital! of the Company and inject further working capital.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04597038/filing-history/MzE3Njg5MDE1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04597038

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