Resource Recovery Solutions (Derbyshire) Holdings Limited (06887587): administration
- Status
- Administration ended
- Administration began
- 2019-09-04
- Administrators
- Matthew James Cowlishaw, Ian Colin Wormleighton
- Administrators' firm
- Deloitte
- Formerly
- Inhoco 3523 Limited
- Incorporated
- 2009-04-24
- Location
- Birmingham
- Industry
- 70100 Activities of head offices
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
On 8 December 2009, the Councils, as waste disposal authorities for their respective administrative areas, entered into a contract with RRS for the provision of waste management facilities and associated services, The contract was amended by the parties on 4 May 2011 and 20 August 2014 (the "Project Agreement").
RRS sub-contracted the design and construction obligations for the provision of certain waste facilities to the Interserve Construction Limited (“ICL”) by way of an agreement dated 20 August 2014 (the "Construction Contract") and the operational obligations to Renewi UK Services Limited (formerly known as Shanks Waste Management Limited) by way of an agreement dated 8 December 2009 (as amended) (the "Operating Contract").
On 20 August 2014, the Company entered into a facilities agreement and associated finance and security documents for the purposes of financing the Project (the "Facility Agreement”) with the following parties now being lenders and as applicable hedging counterparties:
Administrators' statement of proposals (2019-11-07) · Companies House register