# DJP Property Limited (05282011)

> Why UK company 05282011 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05282011

- **Status:** Administration ended
- **Administration began:** 2020-12-02
- **Incorporated:** 2004-11-09
- **Location:** Droitwich
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Property / lease costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action

## From the administrators' statement

3.1 As described in the directors’ history above the company’s inability to fill the student accommodation units, as was their obligation under the various leases, resulting in there being insufficient funds with which to meet the guaranteed rental payments being made to the investors.

3.2 The global COVID 19 pandemic has had a devastating effect on both international and UK based students attending University, particularly since March 2020.

3.3 Various individual and groups of investors instructed legal advisors to serve demand on the company for the outstanding rental income and ground rents due under the terms of the leases.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05282011/filing-history/MzI4ODIyOTI2N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05282011

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