Park Homes (NI) Limited (07922548): administration and why it failed

Park Homes (NI) Limited (07922548): administration

Status: Administration ended
Administration began: 2024-09-04
Administrators: Brian Murphy, Michael Paul Jennings
Administrators' firm: BDO
Incorporated: 2012-01-24
Location: London
Industry: 55300 Recreational vehicle parks, trailer parks and camping grounds

Why it went into administration

HMRC / tax arrears
Parent or group failure
Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
Sustained trading losses

From the administrators' statement

The Company is part of the Group, one of 5 companies placed in Administration on 4" September 2024,

The Group has significant borrowings with HSBC UK Bank ple (‘HSBC’ or the ‘Bank’) secured by way of a debenture and composite guarantee dated 10 April 2019 over all fixed and floating

3.1.6

Administrators' statement of proposals (2024-11-05) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts