Library Estates Limited (03987989): administration
- Status
- Administration ended
- Administration began
- 2011-09-01
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2000-05-08
- Location
- Manchester
- Industry
- 7011
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
According to informaton provided by the Company’s directors, just pnor to our appointment by the Qualified Floating Charge Holder, the Company was unable to agree a funding deal with the Company’s Bank and was coming under increasing pressure from creditors All rents collected were paid to the secured creditor leaving no surplus funds to pay the Company’s overheads
We are aware that the Bank made demand for repayment of all debts due under tts secunty and, upon nonreceipt of payment, appointed administrators
Administrators' statement of proposals (2011-10-28) · Companies House register