Access Commercial Investors 4 PLC (10620505): administration
- Status
- In administration
- Administration began
- 2022-08-01
- Administrators
- Benjamin Dymant, David Philip Soden
- Administrators' firm
- Teneo
- Formerly
- Access Commercial Investors 4 Limited
- Incorporated
- 2017-02-15
- Location
- Birmingham
- Industry
- 64303 Activities of venture and development capital companies
From the administrators' statement
Due to a lack of Company information received and records available, the comments noted below and opposite are based on the Joint Administrators’ understanding of the Company's reasons for failure and financial distress, since their appointment to date.
As referenced in the previous section, the Company authorised the issuance of minibonds in March 2019 up to a maximum quantum of £7m, pursuant to the terms of the Trust Deed.
The funds raised by way of the bondholders’ investments were to be securely lent by the Company, via Group entities, to various SME businesses.
Administrators' statement of proposals (2023-03-27) · Companies House register