Ravensworth Properties Limited (01744165): administration
- Status
- Administration ended
- Administration began
- 2023-02-13
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Tolent Homes Limited; Ironweb Limited
- Incorporated
- 1983-08-04
- Location
- Newcastle upon Tyne
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Credit insurance / supplier credit withdrawn
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Weather / natural events
From the administrators' statement
The Company was incorporated on 4 August 1983 and operated as a holding entity for investment properties within the Group.
unconnected tenants. The Company did not employ any staff; central functions were
provided to the Company by TCL. Our strategy has focused on securing the properties and maximising rental income whilst exploring relevant sale opportunities.
Administrators' statement of proposals (2023-04-13) · Companies House register