Brocket Hall (UK) Limited (09989479): administration
- Status
- Administration ended
- Administration began
- 2020-01-17
- Administrators' firm
- AlixPartners
- Incorporated
- 2016-02-05
- Location
- Hertford
- Industry
- 93120 Activities of sport clubs
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
Aspect Plus Limited were initially contacted by Mr Lucas on 18 December 2019, who advised that the Company was considering Administration. Following the application to Court on 7 January 2020, Aspect Plus Limited met with ML at Brocket Hall on 9 January 2020. Prior to this, Aspect Plus Limited had no professional relationship or involvement with ML or the Company.
As detailed above, the Company was experiencing cash flow problems and following the advertising of the HMRC petition and the subsequent freezing of the Company bank account, trading was being carried out by Holding under a licence agreement.
We had previously been advised that the Company had a Licence to Occupy with BHJL. Upon reviewing the Licence to Occupy and taking appropriate legal advice it was apparent that the licence could:
Administrators' statement of proposals (2020-02-20) · Companies House register