Nite Nite Holdings Limited (05472118): administration
- Status
- Administration ended
- Administration began
- 2011-08-09
- Administrators
- Ryan Kevin Grant, Simon Wilson
- Administrators' firm
- AlixPartners
- Formerly
- Bcomp 256 Limited
- Incorporated
- 2005-06-06
- Location
- Manchester
- Industry
- 7415
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
From the administrators' statement
24 The principal trading activity of the Companies is the operation of a 104 bedroom budget hotel located in Birmingham city centre. All trading is carried out through NNB, which also holds atl of the tangible assets NNH operates solely as a holding company, holding the Bank debt and a majority shareholding in NNB. The Joint Administrators are not aware of any tangible assets in NNH, however, the Compantes’ tax position is currently being reviewed and there may be realisations available in this regard.
22 The Companies created debentures in favour of Clydesdale Bank PLC (the Bank) on 18 January 2007 conferring fixed and floating charges over all assets and undertakings In addition, NNB granted a legal charge on 19 January 2007 in favour of the Bank over the Premises
2.3 The most recent filed accounts for each company can be summarised as follows
Administrators' statement of proposals (2011-10-11) · Companies House register