Factory Outlets Limited (01836890): administration
- Status
- Administration ended
- Administration began
- 2014-07-29
- Administrators
- Tim Clunie
- Administrators' firm
- Moorfields
- Formerly
- Capegate Limited
- Incorporated
- 1984-07-30
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 30 July 1984 as Capegate Limited and changed its name on 11 June 1992 to Factory Outlets Limited its registered office was Churchill House, 137-129 Brent Street, London NW4 4DJ and has been changed to c/o Moorfields Corporate Recovery Limited, 88 Wood Street, London EC2V 7QF for the purpose of the Administration
The Company’s primary asset is a leasehold interest 1n Guildbourne Centre, Worthing, West Sussex, BN11 1LZ ("the Property”) The Property was developed in the early 1970s, and compnises retail units on the ground floor and residential flats above The Company’s interest in the Property is restricted to the shopping centre proportion, with the residential units leased via a separate, but connected, legal entity
The shopping centre offers a secondary retail location in Worthing, located between the main thoroughfare and the town centre NCP car park Current tenants at the Property include Wilkinson, a local radio station and a number of other local businesses who operate from the site via subleases granted by the Company, however a number of units remain vacant
Administrators' statement of proposals (2014-09-16) · Companies House register