Park View Property Investments Limited (04761686): administration
- Status
- Administration ended
- Administration began
- 2013-09-02
- Administrators
- Blair Carnegie Nimmo, Gerard Anthony Friar
- Administrators' firm
- KPMG
- Incorporated
- 2003-05-12
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
From the administrators' statement
The Company was incorporated in 2003 and purchased an arcade of eleven retail units in Whitley Bay These were then leased by the Company to its Managing Director, David Abrahams Mr Abrahams then leased the units to various retail tenants
In 2010 Mr Abrahams entered into negotiation to extend the banking facilities relating to PVPI and his other property interests with the Bank As a result of the decline in property values from 2009 onwards this ultimately proved to be unsuccessful and in September 2013 the Bank as secured creditor placed the Company into administration
Summanies of the recent trading accounts for the Company are set out in Appendix 1
Administrators' statement of proposals (2013-10-29) · Companies House register