# Sant Midco Holdings B.V. (FC031898)

> Why UK company FC031898 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/FC031898

- **Status:** Administration ended
- **Administration began:** 2014-07-30
- **Administrators:** Samantha Rae Bewick, Richard Heis, James Robert Tucker
- **Administrators' firm:** KPMG
- **Incorporated:** 2014-02-07

## Why it went into administration

- Rising costs / inflation

## From the administrators' statement

The Company was incorporated in The Netherlands and more recently registered as an overseas company in the United Kingdom The Company acts as a non-trading holding company whose sole purpose was to hold a 100% shareholding in a Spanish entity, Samos

Samos ts a property holding company which owns 1,136 properties across Spain, all of which are occupied by Santander

Savills carried out a valuation of the properties owned by Samos. This valuation showed that the property values were insufficient to repay the Secured Debt As such, Samos was deemed to be insolvent on a balance sheet basis and there was no value in its shares

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/FC031898/filing-history/MzEwNzU5MDU0MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/FC031898

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