# Lifestyle Homes N. Ireland Limited (07926566)

> Why UK company 07926566 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07926566

- **Status:** Administration ended
- **Administration began:** 2024-09-04
- **Administrators:** Brian Murphy, Michael Paul Jennings
- **Administrators' firm:** BDO
- **Formerly:** Lifestyle Living Park Homes Limited
- **Incorporated:** 2012-01-27
- **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- Funding withdrawn / unable to refinance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 4th September 2024.

The Group has significant borrowings with HSBC UK Bank plc (‘HSBC’ or the ‘Bank’) secured by way of a debenture and composite guarantee dated 10 April 2019 over all fixed and floating assets across the Group. The Group is also indebted to RS Lender Iv, S.A.R.L (‘RoundShield’), who holds second ranking fixed and floating charge security under an inter-creditor agreement with HSBC.

Prior to the appointment, due to poor trading performance and a lack of working capital funding, the Group was unable to service its capital or interest repayments. Despite an extended period of negotiation with the borrower, no resolution was reached with the Bank.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07926566/filing-history/MzQ0MTI5NTYxM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07926566

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