# PPH1 Limited (05410412)

> Why UK company 05410412 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05410412

- **Status:** Administration ended
- **Administration began:** 2013-11-28
- **Administrators' firm:** Deloitte
- **Formerly:** Intercede 2036 Limited
- **Incorporated:** 2005-04-01
- **Location:** London
- **Industry:** 74990 Non-trading company

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated in 2005 as a wholly owned subsidiary of PPHO Ltd which was indirectly a joint venture undertaking between Pendragon, (a car showroom operator) and David Maxwell (a private investor who holds a 49% interest in the joint venture through aAim Turbo LLP)

The Company's principal operation was that of real estate investment The Company's property portfolio comprised the Properties, all of which were leased to Pendragon (which in turn sub-let 6 of the Properties) forming approximately one third of Pendragon’s operating estate As such Pendragon was the sole tenant (with the exception of the 6 sites which were sub-let by Pendragon)

Group Structure

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05410412/filing-history/MzA5MjQ4OTU1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05410412

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