# London Lets Limited (03572460)

> Why UK company 03572460 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03572460

- **Status:** Administration ended
- **Administration began:** 2011-03-30
- **Administrators:** Neil David Gostelow, Jane Bronwen Moriarty
- **Administrators' firm:** KPMG
- **Incorporated:** 1998-05-29
- **Location:** Theale
- **Industry:** 7032

## Why it went into administration

- Funding withdrawn / unable to refinance
- Property / lease costs

## From the administrators' statement

LLL 1s a property management company formed in 1998 The core business was to provide social housing stock from either properties rented from the private sector or owned properties, together with housing services to local authorities LLL was engaged by over 15 Local Authorities during tts peak with turnover of circa £14 million

In 2006, the Government introduced a scheme which meant that existing occupters of properties in LLL’s portfolio would themselves become directly responsible for the payment of rents Previously rent had been collected from the Local Authorities

Between late 2008 and early 2009, LLL’s management considered that it was no longer cost effective to participate in new schemes being offered by the local authorities Properties that became vacant were subsequently handed back to the respective landlords as LLL took a controlled approach to reducing the portfolio of properties under management

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03572460/filing-history/MzAzODAzMjQzNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03572460

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.