Time Group Holdings Limited (12525125): administration
- Status
- Administration ended
- Administration began
- 2023-07-14
- Administrators
- Robert Andrew Croxen, Sarah Elizabeth Collins
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2020-03-18
- Location
- Brighton
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The RoyaleLife Group owns and operates a portfolio of 96 holiday, caravan and residential bungalow parks (together the “Wider RoyaleLife Group”).
The Company was incorporated on 18 March 2020 and is an intermediate holding Company within the wider RoyaleLife Group which holds a sub-portfolio of 31 parks (together the “Time Group’). A structure chart showing the Time Group is detailed above in Section 2.
At the date of the administration appointment, the Company had no employees.
Administrators' statement of proposals (2023-08-26) · Companies House register