Rowcliffes Estate Agents Limited (03825295): administration
- Status
- Administration ended
- Administration began
- 2018-06-19
- Administrators
- Julien Robert Irving, John Malcolm Titley
- Administrators' firm
- Leonard Curtis
- Formerly
- Rowcliffe Estate Agents Limited
- Incorporated
- 1999-08-13
- Location
- Manchester
- Industry
- 68310 Real estate agencies
Why it went into administration
- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 13 August 1999. The current directors of the Company are Robert Clarke, James Metcalf and Michael Sharples. It should be noted that Richard Malkin recently resigned as a director. The shareholders of the Company are Robert Clarke and Crosslane Property Ventures Limited.
The Company traded as an estate agent, dealing with both residential lettings and residential sales. The Company previously employed 22 staff.
The Company was funded by way of a loan facility from Crosslane Investments Limited (“Crossiane”), a connected company by virtue of common directors. Crosslane hold security by way of a debenture, incorporating fixed and floating charges over the Company assets, created on 26 June 2017. On our appointment, a sum of £205,000 was due to Crosslane.
Administrators' statement of proposals (2018-08-18) · Companies House register