Michild Holdings Limited (11908051): administration
- Status
- Administration ended
- Administration began
- 2022-01-04
- Administrators
- Kerry Bailey, William Matthew Humphries Tait
- Administrators' firm
- BDO
- Incorporated
- 2019-03-27
- Location
- Egham
- Industry
- 88910 Child day-care activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 27 March 2019 and its principal activity is that of a holding company. The Company is managed by its directors, Joel Selvadurai and Adam Sage, who also have a shareholding in the Company as detailed in Appendix A.
The Company owns the share capital of MiChild Midco Limited, which is also a holding company and provider of head office functions to the MiChild Group. MiChild Midco Limited owns the share capital of 9 trading and property subsidiary companies and indirectly the share capital of a trading company (10 in total). Together these companies and the two holding companies form the MiChild Group. The MiChild Group structure chart is included in Appendix A.
The 10 trading and property companies listed in Appendix A operate 18 nurseries in the North West of England (mainly Lancashire), of which 13 are freehold properties and 5 are leasehold properties. Two of the 18 nursery sites have recently closed.
Administrators' statement of proposals (2022-01-20) · Companies House register