From the administrators' statement

3.1. Prior to our appointment in early 2024, the Directors and West One had entered into discussions concerning the repayment of the secured liability and the current status of the sale of the Property. Aware of the Company's increasing financial difficulty, on 15 July 2024, Allsop LLP were appointed as LPA Receivers over the Property by West One. Strettons Limited (“the Receivers”) were subsequently appointed as re LPA Receivers on 25 February 2025 replacing Allsop LLP.

3.2 On23 April 2025, HMRC issued a further Winding Up Petition following a period of non-payment which was due to be heard on 23 April 2025. As a result, the Director had instructed Royce Peeling Green Limited (“RPG”) to place the Company in to Creditors’ Voluntary Liquidation via the deemed consent procedure. The proposed decision date for the Liquidation was set for 9 May 2025.

3.3. West One, as the holder of a Qualifying Floating Charge, filed a Notice to Appoint Administrators at Court on 8 May 2025.

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Holvil Limited (11412095)

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