Greenover Limited (05972665): administration
- Status
- Administration ended
- Administration began
- 2023-08-10
- Administrators
- Charles Hamilton Turner, Allister Manson
- Administrators' firm
- Opus Restructuring
- Formerly
- DJM Atlantic Limited
- Incorporated
- 2006-10-20
- Location
- Milton Keynes
- Industry
- 47640 Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company contacted John Thompson of Opus Restructuring LLP in the Summer of 2022 to discuss refinancing options. The Directors reapproached John Thompson in April 2023 and an initial meeting was held on 21 April 2023 to discuss the Company’s finances. John Thompson introduced Allister Manson to the Company on or around that point, and he held had a call with the Directors and Shawbrook, the primary funder and debenture holder, on 22 May 2023.
Following a review of the Company’s finances, Allister Manson of Opus Restructuring LLP was engaged by the Directors to assist with marketing the business and assets of the Company for sale on 29 June 2023, which ultimately led to the Company being placed into Administration for the purpose of concluding a sale of the business and assets.
| can confirm that no Moratorium under Part Al of the Act has been in force for the Company at any time within the period of two years ending with the day on which it entered Administration.
Administrators' statement of proposals (2023-08-31) · Companies House register