# Linenhall Property Investments Limited (04174741)

> Why UK company 04174741 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04174741

- **Status:** Administration ended
- **Administration began:** 2014-01-21
- **Administrators:** Kerry Bailey, Francis Graham Newton
- **Administrators' firm:** BDO
- **Formerly:** Select No.2 Limited
- **Incorporated:** 2001-03-07
- **Location:** Liverpool
- **Industry:** 68209 Other letting and operating of own or leased real estate

## From the administrators' statement

PKF (UK) LLP (whose business and assets were transferred to BDO LLP on 28 March 2013) were first contacted by Paul Rooney, one of the directors of the company, in May 2011. Mr Rooney was seeking advice on the properties held in the Company and other vehicles, and options regarding associated lending from Clydesdale Bank Ptc., trading as Yorkshire Bank (“the Bank”)

The property portfolio was held in three separate entities, being Moorfields Properties Limited (“Moorfields”), Linenhall Property Investments Limited (“Linenhall”), and a Selfinvested Pension Plan (“SIPP”) held by Mr Paul Rooney

[t was evident that Linenhall was not insolvent in its own mght based upon the advised property values. However, there was a significant shortfall anticipated in respect of lending 1n Moorfields Linenhall had provided a corporate cross guarantee to secure the obligations of Moorfields to the Bank, which if called upon would render Linenhall

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04174741/filing-history/MzA5NjkzMDcwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04174741

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