Mishpocha Touring LLP (OC426283): administration
- Status
- Administration ended
- Administration began
- 2023-06-20
- Administrators
- Miles Needham, Simon Peter Carvill-Biggs
- Administrators' firm
- FRP Advisory
- Incorporated
- 2019-03-06
- Location
- St. Albans
Why it went into administration
- Bad debts / customer insolvency
- Creditor pressure / legal action
From the administrators' statement
The LLP was incorporated on 6 March 2019 by Michael Craig, Roy Hay and George O’Dowd as current members of the band Culture Club (“the Band”) to facilitate touring income and expenses.
On 8 December 2021 the LLP entered into a Loan Note Agreement with MEP Capital Holdings III LP (“MEP”) for the amount of US$3,450,000 secured by fixed and floating charges over the LLP’s assets. This charge was filed at Companies House. on 9 December 2021.
In March 2023, a former member of the Band issued Bankruptcy Petitions against the other band members in connection with an unpaid award of £1.75m, resulting from a previous legal action.
Administrators' statement of proposals (2023-08-18) · Companies House register