# Choicezone Limited (06383849)

> Why UK company 06383849 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06383849

- **Status:** Administration ended
- **Administration began:** 2011-05-18
- **Administrators:** Richard Dixon Fleming, James Robert Tucker
- **Administrators' firm:** KPMG
- **Incorporated:** 2007-09-27
- **Location:** London
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Property / lease costs

## From the administrators' statement

The Secured Creditors entered into a facility agreement with Choicezone in November 2007 to part fund the purchase of the Hotel

Waldorf owns the freehold of the Hotel which 1s subject to a 30 year lease (20 years unexpired) to Adda Hotels Limited (a Hilton Group company) Under the lease a variable rent, calculated with reference to EBTDAR, 1s payable The lease 1s not affected by a change of ownership or an insolvency of Waldorf

The 2007 purchase transaction saw £175 million paid plus costs, funded by £111 millon of secured bank debt and some £65 million unsecured intercompany debt provided by Muirgold Limited (a corporate unde: the ultimate ownership and control of the Director, the ultimate owner ot Choicezone)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06383849/filing-history/MzAzOTkxNjM5NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06383849

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