London Housing Limited (03003453): administration
- Status
- Administration ended
- Administration began
- 2011-03-30
- Administrators
- Neil David Gostelow, Jane Bronwen Moriarty
- Administrators' firm
- KPMG
- Incorporated
- 1994-12-20
- Location
- Theale
- Industry
- 7032
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
LLL 1s a property management company formed in 1998 The core business was to provide social housing stock from either properties rented from the private sector or owned properties, together with housing services to local authorities LLL was engaged by over 15 Local Authorities during its peak with turnover of circa £14 milhon
In 2006, the Government introduced a scheme which meant that existing occupiers of properties in LLL’s portfolio would themselves become directly responsible for the payment of rents Previously rent had been collected from the Local Authonties
Between late 2008 and early 2009, LLL’s management considered that 1t was no longer cost effectrve to participate in new schemes being offered by the local authorities Properties that became vacant were subsequently handed back to the respective landlords as LLL took a controlled approach to reducing the portfolio of properties under management
Administrators' statement of proposals (2011-05-31) · Companies House register