Parcour Facilities Holdings Limited (08749877): administration
- Status
- Administration ended
- Administration began
- 2014-09-30
- Administrators
- Mark Jeremy Orton, Christopher Robert Pole
- Administrators' firm
- KPMG
- Incorporated
- 2013-10-28
- Location
- Birmingham
From the administrators' statement
From the date tt commenced to trade in July 2014, PFHL was involved in office reorganisation / relocation of large corporations as well as the operation of warehousing and storage facilities PFHL had 40 employees on appointment and operated from a site in Rainham, Essex
PFHL was originally incorporated on 28 October 2013 as a holding company to be used as a vehicle for the sale of AW and DW's shares in PFML on deferred terms On 14 November 2013 a fixed and floating charge was created in favour of AW and DW wa individual debentures supported by intercompany guarantees in respect of sums due under the terms of the SPA
However, lan Walker and John Kelly of Begbies Traynor were appointed Joint Administrators of PFML on 25 July 2014 On the same date, PFHL acquired the business and assets of PFML from tts administrators via a pre-packaged sale which included an element of deferred consideration At the date of our appointment as administrators of PFHL the deterred consideration had not been paid in full The terms of the SPA between PFHL and PFML included a retention of title clause which provided that title in the assets did not pass to PFHL on default As a result a formal claim to ownership of the assets was submitted by the administrators of PFML which was subsequently confirmed to be valid by our lawyers, SPB
Administrators' statement of proposals (2014-11-28) · Companies House register