Dual Compendium Limited (05396888): administration
- Status
- Administration ended
- Administration began
- 2018-04-13
- Administrators
- Mark Jeremy Orton, Howard Smith
- Administrators' firm
- KPMG
- Formerly
- Norham House 1018 Limited
- Incorporated
- 2005-03-17
- Location
- Newcastle upon Tyne
- Industry
- 74990 Non-trading company
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 17 March 2005 and is a non-trading entity. The Company owns the Property which TSF (100% subsidiary) traded from.
After a period of difficult trading, TSF agreed a Company Voluntary Arrangement (CVA) with its creditors on 2 March 2016. The Company agreed a CVA on the same date. Both CVA’s were completed on 8 January 2018.
The Company was primarily funded by a mortgage over the Property provided by Barclays Bank Ple (the ‘Bank’). At the time of our appointment the Bank was owed approximately £825,000.
Administrators' statement of proposals (2018-06-23) · Companies House register