Point West London Limited (03364796): administration
- Status
- Administration ended
- Administration began
- 2012-06-22
- Formerly
- Tyrolese (386) Limited
- Incorporated
- 1997-05-02
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 2 May 1997 as Tyrolese (386) Limited and changed tts name to Point West London Limited on 7 August 1997
The Company was formed as a joint venture to develop and refurbish the property situated at 116 Cromwell Road, London SW7 4XA (“Point West’) Point West historically served as the former BEA Terminal building and was constructed during the late 1960s Point West currently comprises of approximately 400 residential apartments with 336 car parking spaces having been converted from tts previous use We understand that the conversion works originally began in the 1980s but ceased for a number of years as a result of the original developer having become insolvent We understand that the Company recommenced the conversion works which were completed in circa 1997 and that the flats in the building were sold on long leases, with the last leasing having been sold in 2002
The Company’s main asset has at all times been tts interest in the headlease in respect of Point West Consequently, the Company’s income has predominantly been ground rent income
Administrators' statement of proposals (2012-08-21) · Companies House register