Poundstretcher Properties Limited (02316967): administration
- Status
- Administration ended
- Administration began
- 2020-07-22
- Administrators
- William James Wright, Christopher Robert Pole
- Administrators' firm
- Interpath Advisory
- Formerly
- Truehigh Limited
- Incorporated
- 1988-11-14
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
Poundstretcher Properties Limited (the ‘Company’ or ‘PPL’) was incorporated on 14 ‘ November 1988 and began trading under the name of Truehigh Limited. The Company changed its name in 1989 and has traded as Poundstretcher Properties Limited since.
The Company i isa wholly owned subsidiary of Crown Crest Group Limited and the below shows the corporate structure ofthe Group: —
Crown Crest Group Limited
Administrators' statement of proposals (2020-10-06) · Companies House register