York Investments Overseas Limited (01181103): administration
- Status
- In administration
- Administration began
- 2024-03-26
- Administrators
- Michael Kiely, Andrew Andronikou
- Administrators' firm
- Quantuma
- Incorporated
- 1974-08-16
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1 Quantuma was contacted by Mastcraft’s solicitors Chan Neill Solicitors LLP (“CNP”), who was seeking professional advice regarding the Company’s financial position and the options available to Mastcraft, as the secured creditor, in respect of its secured lending.
3.2 CNP were informed that before the Company could be placed into any formal insolvency proceeding it would be necessary to enforce its security by issuing letters of demand to the Company’s in respect of its default in its obligations to repay the secured loan.
3.3 The demand letters were issued to the Company at its registered office on 19 March 2024 stating that the full obligations under the loan were immediately due and payable under the terms of the security.
Administrators' statement of proposals (2024-05-28) · Companies House register