Ferndale Preparatory School Limited (08929586): administration
- Status
- Administration ended
- Administration began
- 2016-07-22
- Administrators
- Gerald Clifford Smith, Raj Mittal
- Administrators' firm
- FRP Advisory
- Incorporated
- 2014-03-10
- Location
- Birmingham
- Industry
- 85200 Primary education
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The School was established approximately 50 years ago and has traded from a freehold property at 5-7 Bromsgrove, Faringdon, SN7 7JF.
Cognita acquired and operated the School until approximately two years ago, when It refocused its strategy and sought to exit from certain schools. In the interests of continuity, we understand that Cognita entered into discussions with a parent consortium to transfer ownership
The Company was incorporated on 10 March 2014 by a consortium, with a corporate board and shareholder structure (comprising the current four directors), and acquired the Schoo! from Cognita on 25 April 2014
Administrators' statement of proposals (2016-09-27) · Companies House register