CEREP UK Investment D GP Ltd (no.05768117) was recently informed that unless due cause was shown the company would be struck off the register and the company would be dissolved. Sounds ominous. The same document, which was sent to the directors (c/o The Carlyle Group), stipulated upon dissolution of the company all "property and rights vested in, or held in trust for the company are deemed deemed to be bona vcantia, and accordingly will belong to the crown".
Sounds almost as bad as a bank threatening to take over your home if you don't pay your mortgage. But, of course, it isn't. If you look at CEREP UK Investment D GP Ltd's 2012 accounts (year end 30 June) you will see that the company is worth nothing. In fact, the the balance sheet is effectively overdrawn to the tune of almost £14.9 million.
Most of this amount is owed to Freeport, a company in which CEREP UK Investment D GP Ltd has a controlling share. (It's Freeport only shareholder). Unfortunately Freeport's own balance sheet has a deficit of £3.6 million. It's not worth much either, if anything. .
Makes you wonder what the "crown" would be inheriting if the company (CEREP UK) were dissolved. But don't worry. Due cause was shown why the company should remain on the register of company names (though the details not divulged) Does anyone care? CEREP UK Investment D GP Ltd is still worth nothing. Makes you wonder why it allowed to exist!
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