# Time GB (SGC) Limited (13380669)

> Why UK company 13380669 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13380669

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13380669/filing-history/MzM5MTc4MDY2OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13380669

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