Corporate City Developments Limited (03505850): administration
- Status
- In administration
- Administration began
- 2026-03-31
- Administrators
- James Ashley Dowers, Paul Steven Cooper, Paul Robert Appleton
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1998-02-05
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 5 February 1998 as a vehicle to invest in and hold residential property and act as a landlord. The Company traded for some 28 years. Century Capital Partners Limited (“CCPL”), a Company of which Paul Munford is a Director and majority Shareholder, was placed into Administration on 30 January 2026. At the point CCPL went into Administration, the Company owed CCPL an intercompany debt in the sum of £5,138,562.93. As there was no prospect of CCDL being able to pay the debt, the Director sought professional insolvency advice from BTG Begbies Traynor. Following which, the Director took steps to place the Company into a formal insolvency procedure.
The Company owns the following mortgaged properties, which produce rental income, a summary of which is set out below:
Address Lender Rental Income £ (PCM) Flat 10 88-90 Great Titchfield Street W1W 6SE Butterfield Mortgages Ltd 4,040 69B Royal Hospital Road SW3 4HP Butterfield Mortgages Ltd 3,500 6A Cable Street, London, E1 8JG Shawbrook Bank 1,750 6B Cable Street, London, E1 8JG Shawbrook Bank 1,650 6C Cable Street, London, E1 8JG Shawbrook Bank 1,950
Administrators' statement of proposals (2026-05-28) · Companies House register