KID Unknown Holdings Ltd (12358322): administration
- Status
- In administration
- Administration began
- 2023-10-17
- Administrators
- Philip Reynolds, Ian James Corfield
- Administrators' firm
- FRP Advisory
- Formerly
- Hanuman Holdings Ltd
- Incorporated
- 2019-12-11
- Location
- London
- Industry
- 59111 Motion picture production activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
From the administrators' statement
As the solvent sale process did not procure any acceptable offers for either the shares or the assets of the Companies, the Boards of the Companies concluded that it was in the best interests of the creditors of each of the Companies to go into administration so that steps could be taken to run a specific sales process for the sale of the shares
FRP
or assets of each of the Companies. The Monitor had indicated to the Boards that no further funding would be provided to the Companies in light of the outcome of the sales process. Resolutions of the boards were then passed resolving to appoint Phil Reynolds and Ian Corfield as administrators of the Companies, and steps were then taken to seek the consent of the various secured creditors of each of the Companies to those appointments which took some considerable time. .
Administrators' statement of proposals (2023-12-13) · Companies House register