Unicorn Number 1 Limited (12020643): administration
- Status
- In administration
- Administration began
- 2023-03-28
- Administrators
- Michelle Marie Elliot, Gary Hargreaves
- Administrators' firm
- FRP Advisory
- Formerly
- Pacific House Holdings Limited
- Incorporated
- 2019-05-28
- Location
- Preston
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 28 May 2019 originally as Pacific House Holdings Limited before a change of name to Unicorn Number 1 Limited in December 2022 and operated in the serviced office industry. The shareholder upon appointment was Rebecca Smith. On 28 March 2023, the date of the Administrators’ appointment, a notice of resignation was submitted to the Registrar of Companies to confirm that Duncan Hamilton was now registered as sole Director, and that Rebecca Smith had resigned as a Director on 3 March 2023.
The Company filed micro accounts and since its incorporation, there have been multiple changes in directors and the allocation of shares.
On 1 August 2022 the Company acquired the long leasehold interest in the Property for £3.264m. The leasehold interest is for a 999 year term dated 3 April 2002, commencing 4 April 2002 on a peppercorn rental. Assetz understood that upon completion, the Property was to be let to Remus for a 15 year term at an initial rental of £347,000 per annum.
Administrators' statement of proposals (2023-05-23) · Companies House register