From the administrators' statement

The Company was incorporated on 19 November 1998. Statutory information on the Company and a summary of its financial statements as at 31 March 2010 are included at Appendix 1.

The Company traded as a residential property letting company and we are informed that it operated from various leased premises in London.

According to the Company's financial statements, as at 31 March 2010, the Company had an interest in 31 properties and five car parking spaces, (these spaces are registered separately to their associated properties). The Financial Statements show the value of the portfolio of properties at that time to be £9,716,099, including fixtures, and these were subject to loans and mortgages secured against the properties totalling £7,770,881.

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Mahmood Incorporated Limited (03670306)

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