# Blackpool Rock Limited (10485812)

> Why UK company 10485812 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10485812

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10485812/filing-history/MzQ0MTI5NDI2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10485812

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