Hudson Capital (Mills) Limited (04688592): administration
- Status
- Administration ended
- Administration began
- 2012-03-23
- Administrators
- Nigel John Hamilton Smith, Geoffrey Paul Rowley
- Administrators' firm
- FRP Advisory
- Formerly
- ROM Capital (Mills) Limited; Marlborough Mills Limited
- Incorporated
- 2003-03-06
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Property / lease costs
From the administrators' statement
The Group was incorporated on 6 March 2003 with Mills being a wholly owned subsidiary of Holdings.
Holdings did not trade and acted as a holding company for the Group. In 2005 the Group borrowed £3.7m from Deutsche Bank AG (‘DB’) in the name of Holdings. Mills provided a guarantee to DB in respect of the Holdings loan. DB also took debenture security from both companies in respect of the loan and guarantee incorporating a fixed charge over a property held by Mills.
The Group subsequently appointed a managing agent, ROM Capital (Asset Management) Limited to manage the day to day operation of the property.
Administrators' statement of proposals (2012-05-23) · Companies House register