# Beattie Passive Group Limited (09301632)

> Why UK company 09301632 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09301632

- **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,

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09301632/filing-history/MzQyMzAwNzQ5MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09301632

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.