# Celine UK Newco 1 Limited (11899940)

> Why UK company 11899940 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11899940

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11899940/filing-history/MzI4MTE4ODUxOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11899940

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