Kurt Orban Partners Limited (08475033): administration
- Status
- Administration ended
- Administration began
- 2021-03-11
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2013-04-05
- Location
- Sutton
- Industry
- 46720 Wholesale of metals and metal ores
Why it went into administration
- Property / lease costs
- Sustained trading losses
From the administrators' statement
Creditors should note that, unless otherwise stated, this section af my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.
The Company had been formed on 5" April 2013 and had started trading shortly thereafter. The business was started by Nicholas Lally, Paul Herbert and Kurt Orban and was initially funded by finance provided by Kurt Orban Partners LLC (a Company based in the USA) (“KOP LLC”).
The Company’s business was that of steal procurement and the wholesale of metals and it traded from premises at Premium House, The Broadway, Farnham Common, Buckinghamshire SL2 3PQ. The premises were subject to a lease in the Company’s name. The lease was for ten years from 2017 with a break clause in 2022. The rent was £60,000 per annum, payable quarterly in advance.
Administrators' statement of proposals (2021-10-13) · Companies House register