BGHL Realisations Limited (14707874): administration
- Status
- Administration ended
- Administration began
- 2023-08-30
- Administrators
- Mark Granville Firmin, Andrea Jakes
- Administrators' firm
- Alvarez & Marsal
- Formerly
- Babylon Group Holdings Limited
- Incorporated
- 2023-03-06
- Location
- Brighton
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Parent or group failure
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 6 March 2023 and is a wholly owned subsidiary of Babylon Holdings Limited (“BHL”). BGHL is a holding company and has three active subsidiaries: BPL, BHSL and Babylon Inc (“Inc”), a US based business which entered into Chapter 7 bankruptcy on 9 August 2023.
The Company is a non-trading holding Company. It had no employees at the date of appointment.
Funding and financial position of the Group
Administrators' statement of proposals (2023-09-16) · Companies House register