Late Night Pharmacy Limited (07093711): administration
- Status
- Administration ended
- Administration began
- 2018-09-03
- Administrators
- Lee Van Lockwood, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2009-12-02
- Location
- Leeds
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 2 December 2009 in order to purchase the freehold property at 86 Promenade, Bridlington, East Yorkshire, YO15 2QL (“the Property”) and the shares of N&C Limited (*N&C’).
Lloyds Banking Group ple (“the Bank’) provided a term loan to finance this acquisition and this loan was secured against the Property by way of a debenture (details below) and mortgage. The Bank has a cross guarantee from N&C Limited in respect of this debt which totals £610k.
The reasons for the Company’s insolvency This section should be read in conjunction with Appendix 4.
Administrators' statement of proposals (2018-10-12) · Companies House register