# Prestige Homes South West Limited (05047401)

> Why UK company 05047401 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05047401

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05047401/filing-history/MzA2MjMxMjc5OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05047401

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