# Nechells Regeneration Project (05400262)

> Why UK company 05400262 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05400262

- **Status:** Administration ended
- **Administration began:** 2015-11-17
- **Administrators:** Richard Paul James Goodwin
- **Administrators' firm:** Mobeus Equity Partners
- **Formerly:** The Elizabeth Project
- **Incorporated:** 2005-03-21
- **Location:** Birmingham
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Property / lease costs
- Management failings / irregularities

## From the administrators' statement

Nechells Regeneration Project was a management vehicle put in place to run the operation at Nechells Baths, which was owned by an associated company Birmingham & Black Country Community Foundation (BBCCF)

Nechells Regeneration Project suffered over £1 Million worth of debt due to a fraud that had been committed against the company

To try to allewate this situation a loan of £900,000 was taken out with Futurebuilders Engiand Ltd

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05400262/filing-history/MzEzOTY2MzE3OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05400262

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