Manhattan ST. James's Limited (06060195): administration
- Status
- Administration ended
- Administration began
- 2014-02-07
- Formerly
- Gabrini London Limited
- Incorporated
- 2007-01-22
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Property / lease costs
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 22 January 2007 and was set up as a property investment company The Company secured finance and purchased the leasehold interest in a property at 1A King Street, London, SW1Y 6QG ("the Property”) The secured creditor, Investec Bank plc (“the Bank”) secured its debt by way of fixed and floating charges over ail the Company's assets Its secunty was registered at Compantes House on 24 October 2011
The Property is a three bedroom maisonette situated in a Grade il sted period building on the corner of St James's Square, London, SW1 and has, over the years, been sublet on a short term (1 year duration) Monthly rent was received from the tenant until the Autumn of 2013 when, despite numerous promises, the tenant stopped payment No rental income has been received since November 2013
in January 2014, the Company issued a Notice to Quit on the tenant and they should have vacated by 23 February 2014 The tenant remains in the Property
Administrators' statement of proposals (2014-04-02) · Companies House register