Kensington Parking Centre Ltd (14175290): administration
- Status
- Administration ended
- Administration began
- 2024-07-19
- Administrators
- Ian Lawrence Goodhew, Abigail Shearing
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2022-06-15
- Location
- London
- Industry
- 49390 Other passenger land transport
From the administrators' statement
3.1 Given the significant pressure from creditors and the deteriorating financial position of the Company, the director had exhausted his personal financial resources and was unable to sustain further losses. The Director sought the advice of Voscap Limited on 13 June 2024 and after careful consideration of the Company’s financial position, instructed Voscap Limited on 26 June 2024 to assist him in placing the Company into Administration.
3.2 The purpose of which was to protect the only asset being the Lease/Goodwill which the Company held to enable the Administrators to issue a licence to occupy to the Purchasers who will then seek the assignment from the landlord, thereby bettering the outcome for creditors compared to another alternative insolvency procedure.
3.3 No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2024-09-18) · Companies House register