# Greenwood Property Investments Limited (00171411)

> Why UK company 00171411 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00171411

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00171411/filing-history/MzEzMzkyMDQzOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00171411

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