RA Properties Limited (03715277): administration
- Status
- Administration ended
- Administration began
- 2019-03-27
- Administrators' firm
- KRE Corporate Recovery
- Incorporated
- 1999-02-18
- Location
- Reading
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
3.1 Matters came to a head in March 2009 when the company had no funds to pay insurance premiums on the freehold property of the company.
3.2 As detailed above, Frederic Ries advised the company that he was no longer in the position to fund the company and issued a demand for the repayment of his loan.
3.3 At this point the company was unable to pay its debts on a cashflow basis.
Administrators' statement of proposals (2019-06-03) · Companies House register