Lcpropco Limited (05653759): administration
- Status
- Administration ended
- Administration began
- 2014-07-01
- Administrators
- Ryan Kevin Grant, Catherine Williamson, Daniel Imison
- Administrators' firm
- AlixPartners
- Formerly
- Broomco (3963) Limited
- Incorporated
- 2005-12-14
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
The Companies were incorporated between 1991 and 2005 and their main activity is commercial and residential property investment Together they own 17 freehold and teasehold properties across England and Scotland (the Properties), details of which can be found at Appendix B.
The Companies form part of a wider group (the Arazim Group) for which the ultimate parent company is Arazim Investments Limited, an entity registered in Israel A group structure chart, showing the group structure based on the information available to the Administrators, 1s attached at Appendix A Anglo Irish Bank Corporation Limited initially funded Olympia (together with GBIL, Atrium and Garrett) and all the debt was crosscollateralised across all members of the Group
The Compames granted several debentures and floating charges between 2002 and 2009 in favour of Anglo Irish Bank Corporation Limited. In 2011, Anglo Irish Bank Corporation Limited changed its name to Insh Bank Resolution Corporation Limited (IBRC} On
Administrators' statement of proposals (2014-09-02) · Companies House register