BR 3 Year Limited (11133624): administration
- Status
- In administration
- Administration began
- 2024-03-12
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Incorporated
- 2018-01-04
- Location
- Manchester
- Industry
- 70229 Management consultancy activities other than financial management
From the administrators' statement
4.1 Actions prior to appointment The Companies are SPV’s of BR. BR’s principal activity purports to be to lend money to UK SME businesses on a short-term basis.
The Companies issued unsecured corporate bonds which PTC invested in on behalf of its clients. £3,626,000 was due to be paid upon maturity however, only £100,000 had been paid out to PTC.
The Joint Administrators of PTC entered extensive dialogue with the Companies to seek repayment of the overdue sums due however, no satisfactory proposal was forthcoming.
Administrators' statement of proposals (2024-05-14) · Companies House register