Mazey Properties Limited (03477658): administration
- Status
- Administration ended
- Administration began
- 2013-10-22
- Administrators
- Geoffrey Wayne Bouchier, Phillip Francis Duffy
- Administrators' firm
- Kroll
- Incorporated
- 1997-12-08
- Location
- London
- Industry
- 55100 Hotels and similar accommodation
From the administrators' statement
The Joint Administrators’ investigations into the Companies’ affairs have revealed that NAMA had instructed advisors to conduct an independent business review of the financial position and performance of the Companies and the operation of the Properties by Think in October 2011
The review undertaken together with an independent Quantity Surveyor's report on the Properties highlighted a number of tssues including a significant shortfall by the Compames in meeting interest and capital repayments which fell due on the debt owed to NAMA
As a result of the Companies’ failure to service their debts owed to NAMA, NAMA engaged with the Director during the course of 2013 in order to restructure the debts without the requirement
Administrators' statement of proposals (2013-12-17) · Companies House register