Prestige Homes South West Limited (05047401): administration
- Status
- Administration ended
- Administration began
- 2012-06-18
- Administrators
- Neville Barry Kahn, Richard Michael Hawes, Matthew James Cowlishaw
- Administrators' firm
- Deloitte
- Incorporated
- 2004-02-18
- Location
- Birmingham
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
Prestige is a property company which derived income from tts investment assets, which are charged to the Secured Creditor The net rents received were insufficient to meet interest on bank loans and upcoming $106 liabilities and other capital expenditure As a result, it was unable to renew appropriate bank facilities for its needs going forward Therefore a Notice of Appointment of Administrators was filed by the QFCH on 18 June 2012
Administrators' statement of proposals (2012-08-13) · Companies House register