Z A S Investments Ltd (04166585): administration
- Status
- Administration ended
- Administration began
- 2014-06-06
- Administrators
- Catherine Williamson, Andrew Graham Palmer, Simon Wilson
- Administrators' firm
- AlixPartners
- Incorporated
- 2001-02-23
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 23 February 2001 The Company’s only assets are the Properties, which comprise of a mix of retail, industrial, office and residential usage
Nationwide provided funds to enable the purchase of the majority of the Properties and was granted fixed and floating charges as set out in section 6 and Appendix A This lending was subject to certain terms and conditions and a review conducted in November 2013 identified a breach of the lending covenants
Nationwide allowed the Company a period of time to seek to remedy the breach, however this was not completed and the Company remained in default of its facilities.
Administrators' statement of proposals (2014-07-22) · Companies House register