Hilstone Property Investments Limited (04265097): administration
- Status
- Administration ended
- Administration began
- 2013-08-14
- Administrators
- Charles Michael Brook
- Administrators' firm
- Moorfields
- Formerly
- Sackville Property Investments Limited; Fisepa 135 Limited
- Incorporated
- 2001-08-06
- Location
- Huddersfield
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company ts a property development and investment business with key property assets in Hemel Hempstead and Milton Keynes As a consequence of the UK recession and the collapse of property values in 2008 the Company found it increasingly difficult to service its liabilities including repayment of its borrowings from Nationwide Building Society and in April 2013 the Directors raised the issue with Nationwide Building Society (“Nationwide”) and subsequently invited them to appoint Receivers and Managers under the terms of their secunty documentation
On 2 July 2013 Simon Thomas and Shelley Bullman, Licensed Insolvency Practitioners of Moorfields Corporate Recovery LLP, were appointed Receivers and Managers of the Company's freehold and leasehold property investments registered at HM Land Registry as 5 titles on 2 sites at Hemel Hempstead and Milton Keynes The Company has no other tangible assets and, since that date, the management and control of those assets has been exercised by Mr Thomas and Ms Bullman
On or about 29 July 2013 the Directors provided instructions to Opus Restructuring LLP to
Administrators' statement of proposals (2013-10-10) · Companies House register