Blackpool Rock Limited (10485812): administration
- Status
- Administration ended
- Administration began
- 2024-09-04
- Administrators
- Brian Murphy, Michael Paul Jennings
- Administrators' firm
- BDO
- Incorporated
- 2016-11-18
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The Company is part of the Group, one of 5 companies placed in Administration on 4% September 2024.
The Group has significant borrowings with HSBC UK Bank plc (‘HSBC’ or the ‘Bank’) secured by way of a debenture and composite guarantee dated 10 April 2019 over all fixed and floating assets across the Group, The Group is also indebted to RS Lender lv, S.A.R.L (‘RoundShield’ }, who holds second ranking fixed and floating charge security under an inter-creditor agreement with HSBC.
i1BDO Joint Administrator’s Statement of Proposals
Administrators' statement of proposals (2024-11-05) · Companies House register