Time GB (SGC) Limited (13380669): administration
- Status
- Administration ended
- Administration began
- 2023-07-11
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Incorporated
- 2021-05-06
- Location
- London
- Industry
- 85510 Sports and recreation education
From the administrators' statement
The Group is a provider of park homes with a business model based on acquiring caravan parks and leisure-based assets generally, regularising planning consents and then developing and selling residential park homes for owner occupation. The portfolio is a mix of residential, holiday, and touring locations typically located on countryside and coastal Development Lands across the UK at varying stages in the planning process.
The Group began defaulting on various of its loan obligations and, as a result, Kroll were engaged in February 2023 on behalf of certain lenders including the Secured Lender and the Group, to review the short-term cash flow forecasts {at Group and Portfolio level) and to advise on exit options and related
Administrators' statement of proposals (2023-09-13) · Companies House register