# Greyline Estates Ltd (04425582)

> Why UK company 04425582 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04425582

- **Status:** Administration ended
- **Administration began:** 2012-03-14
- **Administrators:** Brian Green, David James Costley-Wood
- **Administrators' firm:** KPMG
- **Incorporated:** 2002-04-26
- **Location:** Manchester
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The Bank provided a term loan to the Company that had expired in 2011 at which point the director was asked to seek refinance for the portfolio The director began to explore the opportunity to refinance the business via an alternative finance provider

The Company submitted a number of refinance proposals to the Bank for repayment of the debt but was unable to obtain the funding that would be required to support these proposals from another lender

Consequently, the Bank took the decision to imttiate proceedings to seek to recover their

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04425582/filing-history/MzA1NzQzMjE5N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04425582

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