Benson Land & Marine Ltd (05672545): administration
- Status
- Administration ended
- Administration began
- 2018-03-26
- Administrators
- Milan Vuceljic, Michael Stephen Elliot Solomons
- Administrators' firm
- Moorfields
- Incorporated
- 2006-01-11
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
The Company was incorporated on 11 January 2006 as a vehicle for a land purchase that eventually did not proceed. The Company is a wholly owned subsidiary of Benson Bros (Bristol) Limited which was placed into liquidation on 14th March 2018. The Company was used as a special purpose vehicle to purchase land at Parys Road, Ludlow, and investment properties at Whitebrook Meadow Prees (“WBM”) and 3 and 5 Coffee House Passage (“CHP”), Shrewsbury.
At the time of Administration, the Company still owned the Ludlow site, both properties at CHP and 13 WBM. At the time of this report, an offer has been accepted for 5 CHP.
The Administrators did not have any prior involvement with the Company or its directors before their appointment aside from their advice and work performed in preparation to be appointed by the Secured Creditor. As required by the Insolvency Code of Ethics, Nicholas O'Reilly and | considered the various threats to our objectivity arising from this prior involvement. We concluded that those threats were at an acceptable level such that we could still act objectively and hence could be appointed Administrators of the Company.
Administrators' statement of proposals (2018-05-31) · Companies House register