OGN North Sea Limited (06694734): administration
- Status
- Administration ended
- Administration began
- 2017-03-27
- Administrators' firm
- Deloitte
- Formerly
- SLP North Sea Limited; SLP Noth Sea Limited
- Incorporated
- 2008-09-10
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Following the demand for repayment issued by OGNIP to the Company, OGNIP sought financial advice for the Group from UHY Hacker Young LLP in March 2017.
As it became clear that the Company was unable to pay its debts, OGNIP sought to enforce their security.
Peter Kubik and Michael Kiely were appointed Joint Administrators of the Company on 27 March 2017 following a notice of appointment of an administrator by OGNIP, the qualifying floating charge holder.
Administrators' statement of proposals (2017-05-25) · Companies House register