Kingsbury Partnership Limited (05595722): administration
- Status
- Administration ended
- Administration began
- 2014-06-16
- Administrators
- Sandra Lillian Mundy, Alan Peter Whalley
- Administrators' firm
- FRP Advisory
- Incorporated
- 2005-10-18
- Location
- Bournemouth
- Industry
- 41202 Construction of domestic buildings
From the administrators' statement
The Company was incorporated on 18 October 2005 and undertook to develop a residential property known as "Redwood” at 2A Mornish Road in Poole The former director, Mr David Kingsbury, a builder, was responsible for the building proyect Redwood ts a high specification four bedroom detached property which was completed successfully in 2012
The proyect was funded by loans provided by Tealpine Limited The lending, which totals approximately £3,131m including fees and charges, was secured by means of a fixed and floating charge on the Redwood property Details of the charges are shown at Appendix A Tealpine Limited also have a charge on the property in relation to lending of approximately £1,685m to a separate Company - Kingsbury Homes Investments Limited which has been dissoived Prior to paying any distribution the charges over the property will be reviewed
Redwood has been marketed for sale since its completion and is currently on the market at £2 85m _ in order to cover the holding costs Redwood has been let on a short term basis
Administrators' statement of proposals (2014-08-07) · Companies House register