Topevent Limited (04380494): administration
- Status
- Administration ended
- Administration began
- 2017-07-17
- Administrators' firm
- Insolvency Practitioners of CVR Global
- Incorporated
- 2002-02-25
- Location
- Coventry
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
3.1 In 2007 the Company obtained funding from its bankers, Bank of treland, in connection with a development site known as T&L Works, The Row, Lane End, Buckinghamshire HP14 3JT.
3.2 There were a number of proposals for the development of this land, and ultimately it was decided to proceed with a care home development, leading to the development of a care home on the majority of the land, which was then sold to a third party in November 2015.
3.3 Before the sale of the care home, in late 2014 the terms of the Company's borrowing from the bank expired. To avoid the situation of the bank enforcing its security, an associated company, Abbey Commercial Investments Ltd (“ACIL”) entered into a Deed of Novation whereby ACIL repaid the bank in full and obtained a transfer of the bank’s security.
Administrators' statement of proposals (2017-09-12) · Companies House register