# VSC No.1 Limited (05974720)

> Why UK company 05974720 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05974720

- **Status:** Administration ended
- **Administration began:** 2020-11-30
- **Administrators:** Kevin Ley, Martyn Ewing
- **Administrators' firm:** Deloitte
- **Incorporated:** 2006-10-23
- **Location:** London
- **Industry:** 94990 Activities of other membership organisations n.e.c.

## From the administrators' statement

The Secured Creditor and the Companies had been negotiating a consensual restructuring of the £69m secured debt in order that the Companies could remain going concerns However, when it became clear that a consensual solution was not possible, the Secured Creditor took steps to appoint Administrators to the Companies, and Fixed Charge Receivers over the beneficial interest in the partnership

Details of the Appointment of the Administrators lan Colin Wormleighton and Philip Stephen Bowers of Deloitte were appointed Administrators of the Companies by HRGT Debtco SARL, 26a, Boulevard Royal, L-2449, Luxembourg In Its

capacity as qualifying floating charge holder on 21 August 2073, following the filing of a Notice of Appointment of Administrators

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05974720/filing-history/MzA4NzE0Mjg0OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05974720

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