# Library Estates Limited (03987989)

> Why UK company 03987989 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03987989

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03987989/filing-history/MzA0NjIzMDYwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03987989

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