# Salford Student Homes Limited (02811816)

> Why UK company 02811816 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02811816

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02811816/filing-history/MzA4NzU1NzA1M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02811816

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