Beattie Passive Group Limited (09301632): administration
- Status
- Administration ended
- Administration began
- 2024-03-28
- Administrators
- Benjamin John Wiles, Philip Joseph Dakin
- Administrators' firm
- Kroll
- Formerly
- Beattie Passive Group PLC
- Incorporated
- 2014-11-07
- Location
- London
- Industry
- 41100 Development of building projects
From the administrators' statement
On 30 January 2024, Kroll were engaged by BPGL in an advisory capacity to undertake an accelerated M&A process. On 7 February 2024, 274 potential buyers (mostly financial and trade buyers} were approached to acquire the Group on a going-concern basis. The potential buyers spanned across multiple geographies, namely the UK, the Middle East and the USA.
A total of seven NDAs were signed in order to provide the interested parties with further information; however, no offers were received to purchase the Group as a going concern.
Noting the minimal appetite for a sale of the Group as a going concern, an approach was made to one of the Group's biggest customer at the beginning of March. Whilst productive conversations occurred,
Administrators' statement of proposals (2024-06-01) · Companies House register