# Desiman (New Homes) Limited (03906347)

> Why UK company 03906347 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03906347

- **Status:** Administration ended
- **Administration began:** 2013-05-15
- **Administrators:** Philip Stephen Bowers, Matthew James Cowlishaw
- **Administrators' firm:** Deloitte
- **Incorporated:** 2000-01-13
- **Location:** Southend on Sea
- **Industry:** 43390 Other building completion and finishing

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The Bank had provided various facilities to Desiman Limited which at the date of the appointment of Joint Administrative Receivers to Desiman Limited totalled £36 9 million in drawn facilities, which had been cross guaranteed by the Compames

The Group's banking facilities expired on 23 March 2013 following which the Group sought a refinancing with a third party lender !n order to facilitate such a refinancing, the Bank offered a short term extension of the facilities, although the terms of this extension were never agreed In light of the facilities being in defauit, the Bank took steps to enforce tts security by way of appointing an Administrative Receiver over Desiman Limited and Administrators over the Companies

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03906347/filing-history/MzA4MTMxMzY0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03906347

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