Celine UK Newco 1 Limited (11899940): administration
- Status
- Administration ended
- Administration began
- 2020-08-19
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 2019-03-22
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
CGHL and CUK form part of the Debenhams group of companies (“Group”). An abridged structure chart of the Group is provided at Appendix B.
CGHL was incorporated on 1 September 1997 and was a subsidiary company of PLC. Its principal activity was as the holding company of DRL and DPL, the main trading entities within the Group. CGHL’s previous registered name was Debenhams Group Holdings Limited (‘OGHL”), which was changed on 2 July 2019.
PLC had entered into a £320m term facility (originally a revolving credit facility) (the RCF) with various financial institutions and was the issuer of £200m of 5.25% senior notes (the Notes). In late March 2019, PLC entered into a £200m new money facilities agreement with certain of the lenders and noteholders (the New Money Facilities), and an initial tranche was funded. The New Money Facilities were secured through
Administrators' statement of proposals (2020-11-02) · Companies House register