# Theobalds Park OP Co Limited (11662604)

> Why UK company 11662604 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11662604

- **Status:** Administration ended
- **Administration began:** 2023-11-20
- **Administrators:** Gavin George Scott Park, Daniel James Mark Smith
- **Administrators' firm:** Teneo
- **Incorporated:** 2018-11-06
- **Location:** Birmingham
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Sustained trading losses
- Rising costs / inflation
- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company had been loss making since late 2022 anda continued decline in performance meant that the Company was unable to meet its debt commitments in September 2022, due to a decline in customer demand coupled with rising cost inflation.

Accordingly, the directors approached AIB Group (Uk) Plc (“AIB”), in its capacity as first ranking floating charge, to discuss a solution to the Company’s financial difficulties.

Steps taken to remedy/turnaround

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11662604/filing-history/MzQwNzM4NjkzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11662604

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