# Manorcliff Limited (04840222)

> Why UK company 04840222 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04840222

- **Status:** Administration ended
- **Administration began:** 2011-10-20
- **Administrators:** Matthew David Smith, William Kenneth Dawson
- **Administrators' firm:** Deloitte
- **Incorporated:** 2003-07-21
- **Location:** London
- **Industry:** 7020

## From the administrators' statement

A loan agreement in the amount of £25m was made available by BoS to MPL in October 2006, with £20m being immediately drawn down to finance the acquisition of properties There was also a cross guarantee tn place regarding this loan from each of the Companies MCL also had a loan facility provided by NR which amounted to £2 2m at the date of appointment of the Administrators

The Companies achieved sustained growth during 2007, however due to the uncertainty surrounding the UK housing market towards the end of 2007 further funding to support the extended growth of the Companies was not forthcoming

The collapse of the UK housing market resulted in a significant decline in the value of the Companies’ portfolios A factor contributing to this depression in value was the lack of geographical diversity, exposing the portfolio to regional fluctuations in property prices and demand

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04840222/filing-history/MzA0OTEyNDQ2MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04840222

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