Greenwood Property Investments Limited (00171411): administration
- Status
- Administration ended
- Administration began
- 2015-08-25
- Administrators
- Robert Cundy
- Administrators' firm
- Edge Recovery
- Formerly
- Lowes of Wigan Limited
- Incorporated
- 1920-11-15
- Location
- Bromley
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Following my appointment, | have contacted the directors to provide me with information as regards the Company, Its affairs and the reasons for its fatlure
The only activity of the company was to deal with property investment, and it owned one property at Shirethorn House, 37 — 43 Prospect Street, Kingston upon Hull, HU2 8PX This property had been purchased, refurbished and then let to a number of commercial tenants
The property had been purchased with money borrowed from Aviva Commercial Finance Limited (‘Aviva’), who held a legal charge over the property The company subsequently borrowed money from Funding Circle to assist with cash flow and granted Funding Circle a fixed and floating charge debenture
Administrators' statement of proposals (2015-10-27) · Companies House register