BGH Realisations (2017) Limited (06573695): administration
- Status
- Administration ended
- Administration began
- 2017-11-15
- Administrators
- David Robert Baxendale, Zelf Hussain
- Administrators' firm
- PwC
- Formerly
- Borro Group Holdings Limited; Borro Limited; Seckloe 395 Limited
- Incorporated
- 2008-04-23
- Location
- Leeds
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Property / lease costs
- Loss of key people
- Cash flow / liquidity pressure
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 23 April 2008. The Company is a non-trading holding company with shares in a 100% owned subsidiary, BL, which in turn has a number of subsidiaries which all make up the Borro group.
Borro provides loans to clients secured on a broad range of luxury assets including fine art, jewellery, watches, fine wine, classic cars. Borro provides bridging loans, sales advances and term loans.
Borro is currently active in the UK and US with offices in London, New York City and has a virtual office in Los Angeles. The Groups’ relevant entities in the USA are regulated primarily by the State of New York and New York City Department of Consumer Affairs.
Administrators' statement of proposals (2017-12-05) · Companies House register