Salford Student Homes Limited (02811816): administration
- Status
- Administration ended
- Administration began
- 2013-08-30
- Administrators
- Brian Green, David James Costley-Wood
- Administrators' firm
- KPMG
- Formerly
- Citilynx Property Services Limited
- Incorporated
- 1993-04-22
- Location
- Manchester
- Industry
- 68310 Real estate agencies
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Bank’s facilities expired in December 2012 The Bank granted an extension to complete a re-finance however the business was unable to source replacement facilities
As a result the Bank took the decision to initiate proceedings to recover its lending and issued the Company with a formal demand for repayment on 29 August 2013 The Company was unable to satisfy the demand and the Bank therefore took steps to appoint administrators
David Costley-Wood and Brian Green of KPMG were subsequently appointed Joint Admunistrators on 30 August 2013
Administrators' statement of proposals (2013-10-24) · Companies House register