German Listed Bonds PLC (11272857): administration
- Status
- In administration
- Administration began
- 2020-12-02
- Administrators
- Cameron Gunn, Simon Jagger, Ben David Woodthorpe
- Administrators' firm
- ReSolve
- Formerly
- SHB Bonds PLC
- Incorporated
- 2018-03-23
- Location
- London
- Industry
- 66190 Activities auxiliary to financial intermediation n.e.c.
From the administrators' statement
On 15 October 2020, the Bremen District Court in Germany opened insolvency proceedings against GPG and appointed Justus von Buchwaldt, partner of BBL Brockdorff & Partner, as Administrator. As a result, insolvency proceedings were likely to commence in relation to Ampere and Dolphin leading to the likelihood of continued default in the repayment of loans. As a result of the defaults, and in consideration of the financial position of the Company, the directors sought to place the Company into liquidation.
Following discussions with the shareholder of the Company, it was determined that Administration would be preferable and the Company engaged ReSolve on 16 November 2020.
A Notice of Intention to Appoint Administrators was served on the secured creditor and filed at Court on 24 November 2020.
Administrators' statement of proposals (2021-01-28) · Companies House register