West India Dock Road Limited (04696184): administration
- Status
- Administration ended
- Administration began
- 2013-08-22
- Administrators' firm
- David Rubin & Partners
- Formerly
- Streatham High Road Limited
- Incorporated
- 2003-03-13
- Location
- London
- Industry
- 41100 Development of building projects
From the administrators' statement
In July 2013, the directors approached my firm It was clear from the outset that the Company was heavily insolvent, with no realistic prospect of rescue An unconnected third party had been expressing an interest in acquinng the undeveloped site, but 1 was clear that their level of interest was likely to fall short of what would have been required to repay investors in full or to cover the secured hability becoming due under the NWIC bonds
A growing number of investors were filing Unilateral Notices against the land because they had not been repaid their deposits and there was no sign of development taking place at the site
The interaction between these Unilateral Notices and the first fixed charge on the land held by NWIC was making the situation very complicated and 1t was growing steadily worse
Administrators' statement of proposals (2013-10-17) · Companies House register