# Liberty Steel East Europe (Midco) Limited (11605054)

> Why UK company 11605054 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11605054

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11605054/filing-history/MzQ1NDQ5MjAzMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11605054

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