# Poundstretcher Properties Limited (02316967)

> Why UK company 02316967 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02316967

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02316967/filing-history/MzI3OTUzNDQxOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02316967

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.