# HTGP (Cordage) Ltd (13286379)

> Why UK company 13286379 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13286379

- **Status:** Administration ended
- **Administration began:** 2022-07-14
- **Administrators' firm:** Antony Batty
- **Incorporated:** 2021-03-23
- **Location:** London
- **Industry:** 64303 Activities of venture and development capital companies

## From the administrators' statement

The Company was incorporated on 23 March 2021 in the name of HTGP(Cordage) Ltd.(“the Company”). The registered address of the Company was 6 St Georges Square, Portsmouth, Hampshire, PO1 3EY. The nature of the business was that of venture and development investment capital.

The Company had a facility agreement with 170 Ltd (“the lender/170”) and borrowed a loan in the sum of £500,000. The loan was advanced for the specific purpose of providing finance to subsidiaries of a company called Cordage Estates Limited(“CEL”).

The Company accordingly entered into a corresponding agreement with CEL, under which the Company made available to CEL the facility of £500,000. The terms of the agreement between the lender and the Company included a provision that the Company was to pay 50% interest on the loan principal per annum. It is understood that the Company failed to pay the loan amount with interest by 28 April 2022.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13286379/filing-history/MzM1MTEyMjk4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13286379

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