City Management (London) Limited (02173123): administration
- Status
- Administration ended
- Administration began
- 2014-06-10
- Administrators
- Geoffrey Lambert Carton-Kelly, Philip Lewis Armstrong
- Administrators' firm
- FRP Advisory
- Formerly
- City Management (Newham) Limited; Dalerest Limited
- Incorporated
- 1987-10-01
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
21 The Companies were incorporated in 1988 and 1987 respectively They were part of a larger group of associated companies (“the Group”), however, Inner London specialised tn affordable short term housing solutions for people seeking help from loca! authorities, with City Management acting as the holding company From discussions with the director, and accounts I have reviewed, It would appear that Inner London has remamed profitable since its inception I understand that annual occupancy rates have been consistently above 90% since the business started to trade City Management has never traded and acted as a parent Company for borrowing purposes
22 Prior to 1998, Inner London leased properties to carry out its trade In 1998, Inner London invested in the construction of a purpose built freehold property in Leyton (“the Property”) The Property ts specifically designed as a hotel with the Inner London’s trade in mind and caters for 67 single, double and bedsit style rooms
FRP Adwsory LLP 1s incorporated in England and Wales under the Limited Liabity Portneiships Act 2000 as 0 Limited Latbrlty Partnership Portnerstip Number OC355680 Registered office 110 Cannon Sheet London EC4N SEU Alist of members names 1s open to inspection at this addiess www fipadvisory com
Administrators' statement of proposals (2014-08-12) · Companies House register