Procam Take 2 Limited (12435783): administration
- Status
- Administration ended
- Administration began
- 2023-07-14
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- Inspirit Holdco 6 Limited
- Incorporated
- 2020-01-31
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Property / lease costs
- Sustained trading losses
From the administrators' statement
With post-COVID-19 demand subsiding in 2022, the Company was seeing a decline in revenues which were not sufficient to cover the high fixed cost base. A sale of the Company (on both a solvent and insolvent basis) was explored, however no proceedable offers were received. As a result, due to the Company’s financial position, the Company was left with little option but to enter Administration.
Appointment
The Joint Administrators were appointed on the Appointment Date by the Court, following an application made by the Directors.
Administrators' statement of proposals (2023-09-16) · Companies House register