From the administrators' statement

The Company 1s private limited and was incorporated in England and Wales on 20 May 2004 The Company was formed as a special purpose vehicle (“SPV”) to develop the hotel adjacent to Norwich City Football Club ple’s (‘the FC”) ground on Carrow Road, Norwich (“the Hotel”) and then own the head lease as a landlord

The project was a joint venture between Kerrison Developments Limited ("NDL”) (a 100% subsidiary of the FC) and Estoril Properties Limited (“Estoril”)

Jt 1s understood that the investors who formed Estoril, a SPV, were clients of Stenham Property Limited (‘Stenham”), a firm providing wealth and alternative asset management services Stenham were also the managing agents of the Property

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Kerrison Hotel Limited (05133647)

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