# ACP Leisure Ltd (09443043)

> Why UK company 09443043 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09443043

- **Status:** Administration ended
- **Administration began:** 2023-06-20
- **Administrators:** Richard Cole, Steve Kenny
- **Administrators' firm:** KBL Advisory
- **Incorporated:** 2015-02-17
- **Location:** Sale
- **Industry:** 55209 Other holiday and other collective accommodation

## From the administrators' statement

During May 2023, Assetz became increasingly concerned with the Company’s solvency as a result of a build-up of 6 months loan repayment arrears in the total sum of £87,137.12. Asum of £41,713.04 was applied against an interest buffer retention sum held by Assetz leaving a remaining arrears balance of £45,424.08.

Asa result of the aforementioned arrears, Assetz subsequently issued a formal written demand to the Company on 16 May 2023 requesting full repayment of £1,906,835. The Company was unable to make the repayment and on 15 June 2023, Assetz requested a meeting with representatives of KBL Advisory during which they explained that their investor committee had authorised the appointment of an Administrator over the Company. At this meeting, Steve Kenny and Richard Cole were asked whether they would consent to being appointed Joint Administrators over the Company by Assetz in its capacity as sole Qualifying Floating Charge Holder. Consents to act were duly signed and provided to solicitors on 16 June 2023. 3.3

3.4

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09443043/filing-history/MzM4OTMzNzE5OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09443043

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