London & LOW Fold Developments Limited (05118023): administration
- Status
- Administration ended
- Administration began
- 2011-10-07
- Administrators
- Matthew David Smith, Nicholas Guy Edwards
- Administrators' firm
- Deloitte
- Incorporated
- 2004-05-04
- Location
- London
- Industry
- 7011
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company purchased four plots of land at Lowfold, Leeds, referred to as the “Land”, on 28 August 2007 for consideration of £17m_ The four plots of Land are adjacent to one another and form one larger plot The Land stretches along the River Aire on one boundary, and a number of roads, access ways and industnal sites on the other boundaries For further detail please refer to Appendix 6, the shaded area demonstrates the overall area of the Land
The Land has planning permission for 847 flats, 9,200 square meters of offices and 3,000 square metres of active uses, with 1,067 car parking spaces
in order to fund the purchase of the Land the Bank lent the Company £15 2m, and secured the loan with a fixed and floating charge against the Land and Company
Administrators' statement of proposals (2011-11-29) · Companies House register