# N.J.W. Developments Restored 2020 Limited (03597107)

> Why UK company 03597107 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03597107

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03597107/filing-history/MjAzMjcxNjQ2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03597107

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