# Pattinson Properties Ltd (04788994)

> Why UK company 04788994 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04788994

- **Status:** Administration ended
- **Administration began:** 2014-08-06
- **Administrators:** Nicholas Edward Reed, Robert Alexander Henry Maxwell
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2003-06-05
- **Location:** Newcastle upon Tyne
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated in June 2003 to facilitate the purchase of a plot of development land in Washington, Tyne and Wear

The Company secured a loan from Clydesdale Bank Ple t/a Yorkshire Bank Pic (“Yorkshire Bank’) in order to part finance the purchase of the land, with the remaining funds being provided by way of a loan from a connected Company, instrip Demolition Limited (‘Instrip”) and the Company directors The pnnciple sum loaned to the Company from Instrip was £389,000

On 2 March 2010 Instnp entered into administration with Robert A H Maxwell and Simon John-Lundy, both of Begbies Traynor (Central) LLP, being appointed joint administrators

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04788994/filing-history/MzEwOTA4MjE3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04788994

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