LEX Midco 1 Limited (11568316): administration
- Status
- Administration ended
- Administration began
- 2020-12-11
- Administrators
- Catherine Williamson, Clare Kennedy, Simon Jonathan Appell
- Administrators' firm
- AlixPartners
- Incorporated
- 2018-09-13
- Location
- 1 Oxford Street
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
LEX Midco 1 Limited (the Company) is a holding company within the Group, which owns and operates 38 serviced office spaces in London via a mixture of freehold and long-leasehold properties held in three UK operating companies and a series of Dutch based property holding companies.
The principal assets held by the Company are its shares in LEX Midco 2 Limited (LEX Midco 2), a subsidiary entity, and an inter-company receivable due from the same entity.
AlixPartners UK LLP (AlixPartners) was initially instructed by Regus Group Services Limited (Regus) to provide advisory services in relation to planning for a potential enforcement over certain Company assets following the acquisition of the Mezz Debt by OYD Limited (OYD), another entity in the Regus group.
Administrators' statement of proposals (2021-02-10) · Companies House register