Tolent Homes Limited (02803140): administration
- Status
- Administration ended
- Administration began
- 2023-02-13
- Administrators
- James Ronald Lumb, Howard Smith
- Administrators' firm
- Interpath Advisory
- Formerly
- Eiwn 12 Limited
- Incorporated
- 1993-03-24
- 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- Credit insurance / supplier credit withdrawn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- Funding withdrawn / unable to refinance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 24 March 1993 and owns the long leasehold of several apartments in a block in Sunderland, fully let out to private tenants, following historic development of the site by TCL.
Our strategy will focus on maximising net rental income whilst exploring relevant sale opportunities. The Company did not employ any staff; central functions were provided to the Company by TCL.
3.2 Funding and financial position of the Company
Administrators' statement of proposals (2023-04-13) · Companies House register