Hotel Procurements Preston Custodian (No.2) Limited (05982426): administration
- Status
- Administration ended
- Administration began
- 2011-12-06
- Administrators
- Nigel Price, William John Kelly
- Administrators' firm
- Begbies Traynor
- Formerly
- Teesland Preston Custodian (No. 2) Limited
- Incorporated
- 2006-10-30
- Location
- Birmingham
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Administrators’ statement of proposals for achieving the purpose of the administration which will be sent to creditors in due course will provide detailed information in relation to the Company However, to assist creditors who may have a Iimited understanding of the Company and its affairs to better understand the reasons for the pre-packaged sale, we have provided certain background information at this stage
The Company, in conjunction with Hotel Procurements Preston Custodian Limited were the two Custodian companies for the Hotel Procurements Preston Unit Trust (‘the Trust’) which was formed in December 2006 to promote and undertake the refurbishment, extension and letting of the existing, vacant Preston Hotel
The Custodian companies act for and on behalf of the Trust and whilst they do not trade themselves, being considered dormant for reporting and tax purposes, they hold a half share of the freehold interest in the property and entered into debt facilities, purchased goods and services, etc in relation to the property
Administrators' statement of proposals (2012-01-31) · Companies House register