Hampshire Community BNK Ltd. (08997051): administration
- Status
- In administration
- Administration began
- 2024-11-26
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-04-15
- Location
- Salisbury
- Industry
- 64929 Other credit granting n.e.c.
From the administrators' statement
It is understood from the Company’s director that Solent Regional Growth Fund committed £1.2m, being £250,000 start up cash and £950,000 to support small and medium sizes enterprises (“SMEs”) through a loan book. The funds committed by Solent Regional Growth Fund were purportedly given to Eastleigh Borough Council, who directed the funds to Local First Community Interest Company (“Local First’).
Eastleigh Borough Council then invested £500k of their own funds into HCB Holding Limited and Local First utilised the £950k loan book to invest into HCB Holding Limited.
HCB Holding Limited then established the Company, which was incorporated on 15 April 2014 by local entrepreneurs. The aim of the Company was to provide tailored finance to Hampshire county’s small and medium enterprises, with 50% of profits going towards a community grants programme.
Administrators' statement of proposals (2025-01-20) · Companies House register