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Brigg Marina Limited (08956768): administration

Status
Administration ended
Administration began
2023-04-12
Administrators
Mark Blackman, Philip Joseph Dakin
Administrators' firm
Kroll
Incorporated
2014-03-25
Location
Manchester
Industry
79909 Other reservation service activities n.e.c.

Why it went into administration

From the administrators' statement

Prior to the Administration, Kroll were approached by Folk Nominee Limited in order to discuss the recovery options available to them with respect of their outstanding liability.

The Company granted Folk Nominee Limited a fixed and floating charge debenture in September 2021 which covered all assets of the Company in respect of monies advanced by way of a loan.

The terms of the loan had been breached by the Company and the Secured Lender had been in discussions with the Company in respect of the repayment of its outstanding indebtedness in the period prior to the Appointment Date.

Administrators' statement of proposals (2023-06-12) · Companies House register

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Brigg Marina Limited (08956768)

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