Riley (Holdings) Limited (03307229): administration
- Status
- Administration ended
- Administration began
- 2012-04-02
- Administrators
- Anne Clare O'Keefe, Ryan Kevin Grant, Simon Wilson
- Administrators' firm
- AlixPartners
- Formerly
- Trent Park Developments Limited
- Incorporated
- 1997-01-24
- Location
- Manchester
- Industry
- 41100 Development of building projects
Why it went into administration
- Property / lease costs
From the administrators' statement
2.1 The Company was incorporated in 1997 as a pnvate property development and investment company based in Nottingham. The principal asset of the Company is River Crescent, a 128 unit freehotd luxury apartment scheme on the banks of the River Trent The remainder of the property portfolio consists of The Shed, The Bakery, The Yacht Club and 2.68 acres of development land
2.2 The Company is the ultimate parent of a group contanning six UK subsidiaries. A group structure chart can be found at Appendix B. It should be noted that Kevin Riley Motor Sport Limited (KRM) entered Creditors’ Voluntary Liquidation (CVL) on 16 May 2012. None of the other subsidiaries are subject to any insolvency proceeding and we understand that they are all non trading. Our investigations into these subsidiaries continue as to whether the Company’s investments have any reatisable value.
2.3 Whilst the Company has consistently shown a net asset position (£5.7 million as at
Administrators' statement of proposals (2012-05-25) · Companies House register