Liberty Steel East Europe (Midco) Limited (11605054): administration
- Status
- In administration
- Administration began
- 2024-11-26
- Administrators
- Gary Paul Shankland, Jeremy Karr
- Administrators' firm
- Begbies Traynor
- Formerly
- Liberty Dudelange Limited; Liberty Steel East Europe (Midco) Limited
- Incorporated
- 2018-10-04
- Location
- London
- Industry
- 24100 Manufacture of basic iron and steel and of ferro-alloys
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The information below and contained elsewhere in this document has been prepared from the knowledge obtained by us and our staff, together with information contained within the Company’s accounts, at Companies House, and from discussions the Group’s management team. The Company is part of a group which comprises of a number of holding companies sitting above it. The Company itself is also a holding company, with no trading activity undertaken, and, up until recently, was the 100% shareholder of Liberty Steel East Europe (Bidco) Limited (“Bidco”), another holding company which is understood to have held the controlling shareholding in a number of trading entities.
The Company’s shares in Bidco were sold to another entity within the wider group immediately prior to the Joint Administrators’ appointment. Following the sale, the Company had no functional purpose and was unable to meet its liabilities. Consequently, the directors appointed Joint Administrators pursuant to Paragraph 22 of Schedule B11 of the Act.
Administrators' statement of proposals (2025-02-14) · Companies House register