# Kenplaid Ltd (06640623)

> Why UK company 06640623 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06640623

- **Status:** Administration ended
- **Administration began:** 2011-09-22
- **Administrators:** Antony David Nygate, James Joseph Bannon
- **Administrators' firm:** BDO
- **Incorporated:** 2008-07-08
- **Location:** Cardiff
- **Industry:** 99999 Dormant Company

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

The incorporation dates of the Companies are listed at the top of this page. Each of the Companies operated a care home based in three separate locations across the UK. The events leading up to the appointment of the joint admimstrators were detailed in my letter to creditors of 13 October 2011, but | provide a further summary below for the purpose of this report.

The care homes were leased to Southern Cross Opco Limited (“SX”). We understand that the weil reported financial difficulties of SX led to the Companies being asked to accept a significant rent reduction until the end of September 2011 (with no rent being paid thereafter), together with a return of the tease and a transition of the underlying operating businesses back to the Compames by 31 October 2011 at the latest.

The Companies had refused to participate in the SX restructunng, and there was limited dialogue with the secured creditor, National Westminster Bank PLC (“NatWest”), in respect of the future of the business. The Companies instead issued a winding-up

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06640623/filing-history/MzA0ODQxODI5NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06640623

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