Business Environment Fleet Street Limited (05987340): administration
- Status
- Administration ended
- Administration began
- 2014-01-29
- Administrators
- Nicholas Guy Edwards
- Administrators' firm
- Deloitte
- Formerly
- Mislex (519) Limited
- Incorporated
- 2006-11-02
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
From the administrators' statement
Two loan facilities provided by the Secured Creditor to the Company expired on 31 December 2012 At this stage, no interest or capital repayment had occurred, and limited repayments under these loan facilities have been made since this date
Following a review of the historic and ongoing trade performance of the Company in July 2013, the Secured Creditor realised the Company was unable to service its level of debt through ongoing trading, and confirmed that the assets secured under the loan arrangements were insufficient to recoup the balance owed under these loan agreements
In December 2013, BEHL, the ulttmate parent company, commenced a legal process to obtain a declaration of ownership over the assets incorporated and contained within the Building These assets are critical to the ongoing operation of the Building as a serviced office provider In order to bring the disputed assets under the control of the Secured Creditor and obtain the protection of the statutory moratorium, the Company was placed into Administration on 29 January 2014
Administrators' statement of proposals (2014-03-28) · Companies House register