Devonshire Club (Holdings) Limited (09476135): administration
- Status
- Administration ended
- Administration began
- 2020-03-18
- Administrators
- Sandra Lillian Mundy, Thomas Charles Russell
- Administrators' firm
- FRP Advisory
- Formerly
- Devonshire Square Club (Holdings) Limited
- Incorporated
- 2015-03-06
- Location
- Southampton
- Industry
- 64209 Activities of other holding companies n.e.c.
From the administrators' statement
The Company was incorporated on 6 March 2015. The Company did not trade and held shares in its trading subsidiary Devonshire Club.
The Company raised equity investment totalling approximately £17m by means of a series of investment rounds and by issuing a bond of £2.7m which is secured on the Company assets. The investment was used to fund intercompany loans to Devonshire Club.
in the autumn of 2019, the Company entered into discussions with a potential purchaser with regards the acquisition of the shares in Devonshire Club. Negotiations advanced to the point where terms had been agreed and contracts has been drafted but the purchaser withdraw on 6 March 2020.
Administrators' statement of proposals (2020-05-19) · Companies House register