# Unicorn Number 1 Limited (12020643)

> Why UK company 12020643 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12020643

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12020643/filing-history/MzM4MDA3MTc5NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12020643

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