Eastsnow Ltd (03126094): administration
- Status
- Administration ended
- Administration began
- 2011-05-27
- Administrators
- Jane Bronwen Moriarty, Colin Michael Trevethyn Haig
- Administrators' firm
- KPMG
- Incorporated
- 1995-11-14
- Location
- London
- Industry
- 4545
From the administrators' statement
The Company has legal title to a portfolio of properties in the Southampton area, hereafter referred to as “the Properties”, please see Appendix 4 for further information With a debt of approximately £44m due for maturity with the Bank, the Company entered into negotiations with the Bank in 2011 to extend the loan with an added clause of a profit share on the eventual sale of the Properties An agreement was not reached and on 4 May 2011 the Bank appointed Roland Simon Morgan and Rosalind Jane Goode of GVA as LPA Receivers
From 4 May 2011 onwards the Company produced “sales contracts” to show that the Properties had been subject to exchanges of contracts for sale The Bank do not consider these “contracts” valid and duly put the Company into administration using ifs powers as a Qualifying Floating Charge holder.
Accordingly, on the application of the Bank, Colin Michael Trevethyn Haig and Jane Bronwen Moriarty were appointed Admmustrators of the Company on 27 May 2011 by the Court
Administrators' statement of proposals (2011-07-27) · Companies House register