N.J.W. Developments Restored 2020 Limited (03597107): administration
- Status
- Administration ended
- Administration began
- 2020-12-18
- Administrators
- Paul W Barber, Paul Stanley
- Administrators' firm
- Begbies Traynor
- Formerly
- 03597107 Limited; Deesham Ltd
- Incorporated
- 1998-07-13
- Location
- Manchester
- Industry
- 4521
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- HMRC / tax arrears
- Property / lease costs
From the administrators' statement
The Company was incorporated in 1999. Its primary business activity was property development and project management.
Companies House records reveal that the Company has carried out a number of land and commercial property purchases since its incorporation, financed by a variety of different lenders. The sole current director of the Company, Graham White (“the Director’) has advised us that the properties described below remain assets of the Company;
In March 2005, the Company purchased land, known as Killingworth, a former petroleum station in Newcastle-upon-Tyne. The purchase of this option was funded through Anglo Irish Bank Corporation Limited (‘Anglo’). Anglo has fixed and floating charges over the assets of the Company dated 8 March 2005 and also has a legal charge registered against Killingworth dated 31 May 2005.
Administrators' statement of proposals (2009-05-12) · Companies House register