Southcourt Properties Limited (03594487): administration
- Status
- Administration ended
- Administration began
- 2014-10-30
- Administrators
- Simon Robert Thomas, Arron Simon Kendall
- Administrators' firm
- Moorfields
- Incorporated
- 1998-07-08
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Following the economic downturn the Company was unable to meet its liabilities to Nationwide Building Soctety (‘NBS”) The director made offers to settle his debt but an agreement could not be reached NBS subsequently took steps to place the Company into Administration under their facility
On 30 October 2014 Simon Thomas and Arron Kendall were appointed Administrators of the Company by NBS, the qualifying floating charge holder pursuant to paragraph 14 of Schedule 81 to the Insolvency Act 1986 The Administration is registered in the Chancery Division, Bristol District Registry, under reference number 663 of 2014
Administrators' statement of proposals (2014-12-17) · Companies House register