# Opal Portfolio 2 Limited (04824860)

> Why UK company 04824860 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04824860

- **Status:** Administration ended
- **Administration began:** 2013-03-12
- **Administrators:** Alan Robert Bloom, Thomas Andrew Jack, Samuel James Woodward
- **Administrators' firm:** EY
- **Incorporated:** 2003-07-08
- **Location:** Manchester
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Funding withdrawn / unable to refinance
- Rising interest rates

## From the administrators' statement

The wider Opal Group (‘the Group’) is the UK’s third largest developer and operator of student and professional accommodation, comprising approximately 20,000 beds across 49 properties

The Group was founded tn 1982 and initially focussed on small scale student and private residential property Jn the late 1990’s tt expanded significantly, constructing, owning and managing large scale purpose built accommodation

The Group structure is summarised at Appendix A to this report The Group's lending and operational structure is complex, comprising 68 companies supported by a number of separate senior lenders /.fending groups funded through a series of property SPVs

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04824860/filing-history/MzA3Nzg5NTQ1N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04824860

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