Love Hemp Holdings Ltd (14658328): administration
- Status
- Administration ended
- Administration began
- 2024-03-07
- Administrators
- Paul Steven Cooper, Adam Shama
- Administrators' firm
- Begbies Traynor
- Formerly
- Portillion SPV1 Limited
- Incorporated
- 2023-02-13
- Location
- London
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- COVID-19
- Creditor pressure / legal action
- Weak consumer demand
- Parent or group failure
From the administrators' statement
The Company was incorporated as Portillion SPV1 Limited and changed its name to Love Hemp Holdings Limited on 23 September 2023.
The Company was established by the Directors in February 2023 with a view to acquiring the business, assets and goodwill of Love Hemp Ltd - in Administration (“LHL”) from the Joint Administrators, which was successfully
-3completed on 22 February 2023. Paul Cooper and Jamie Taylor of Begbies Traynor were the Joint Administrators of Love Hemp Ltd. The Administration was closed on 30 January 2024 by way of dissolution after having achieved the purpose of Administration, being realising property in order to make a distribution to one or more secured or preferential creditors.
Administrators' statement of proposals (2024-05-10) · Companies House register