# The Lending Point (Central) Ltd (05514207)

> Why UK company 05514207 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05514207

- **Status:** Administration ended
- **Administration began:** 2011-06-06
- **Administrators:** David John Whitehouse, Sarah Helen Bell
- **Administrators' firm:** Kroll
- **Incorporated:** 2005-07-20
- **Location:** Manchester
- **Industry:** 6523

## Why it went into administration

- Funding withdrawn / unable to refinance
- Rising interest rates

## From the administrators' statement

LPC was incorporated on 20 July 2005. Statutory information on the Company and a summary of Its financial position is included at Appendix 1. The summary of the Company’s financial position 1s based on abbreviated accounts filed at Companies House and information provided by the Company's accountant.

The principal activity of the Company was the provision of bridging finance to individual and corporate borrowers to assist with the purchase of property. The Company levied a premium interest rate for providing short-term loans for a period of one to six months, pending borrowers’ sourcing a refinance with a mainstream funder However, there are outstanding loans dating back to October 2009.

The Company operated from premises at 50 Bridge Street, Manchester, M3 3BW As at the date of the Joint Administrators’ appointment, the Company had no employees

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05514207/filing-history/MzA0MTI1MzY1OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05514207

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