From the administrators' statement

Due to previous litigation, an order was made of the Company to pay the sum of £110,000 to a tenant. The Company does not have funding to this extent, and so with mounting creditor pressure, the QFCH decided to seek advice and, with the threat of a Winding Up petition being issued against the Company by the tenant, chose to place the Company into Administration.

No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.

Attached at Appendix Ill is an account of the work undertaken prior to the Joint Administrators’ appointment and the costs associated with that work.

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29 Buckland Crescent Management Company Limited (01316546)

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