# Pocket Renting Limited (11499369)

> Why UK company 11499369 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11499369

- **Status:** In administration
- **Administration began:** 2023-09-29
- **Administrators:** Gavin Maher, Matthew Mawhinney
- **Administrators' firm:** Teneo
- **Incorporated:** 2018-08-03
- **Location:** Birmingham
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company defaulted under the Facility, failing to deposit certain minimum amounts due by 30 June 2023. Payment of all interest that fell due on 15 August 2023 was also not made in full. In addition, sales of properties were not completed as required under the Facility to make sufficient repayments in order to deleverage the Facility.

Steps taken to remedy/turnaround

The Secured Creditor issued Reservation of Rights letters to

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11499369/filing-history/MzQwMTAxNTM5MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11499369

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