Cream Nominees (No. 3) Limited (05363108): administration
- Status
- Administration ended
- Administration began
- 2012-04-25
- Administrators
- Geoffrey Paul Rowley, Philip Lewis Armstrong
- Administrators' firm
- FRP Advisory
- Incorporated
- 2005-02-14
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
CPI Retail Active Management Programme (No 3) Limited Partner (‘CPI3”) was incorporated on 14 February 2005 to acquire a portfolio of three shopping centres in Waterlooville, Leighton Buzzard and Gravesend (‘the Properties”) whose details are in Appendix F.
CReAM GP (No.3) Limited (‘GP3”) was incorporated on 14 February 2005 as a legal structural requirement for the Limited Partnership. As the general partner, it has unlimited liability under the Limited Partnership Agreement with CPI3 and holds joint interest in the properties.
CReAM Nominees (No.3) Limited (‘Nominees’) was also incorporated on 14 February 2005 to complete the structure of the Limited Partnership. Nominees did not trade and has neither definitive assets nor liabilities but is insolvent based on the charge given to Deutsche Bank AG, the lender detailed below. In addition, it holds a nominee interest in the properties.
Administrators' statement of proposals (2012-06-01) · Companies House register