London and South East Equity Development Limited (06105084): administration
- Status
- Administration ended
- Administration began
- 2012-02-23
- Administrators' firm
- Traverse Advisory
- Incorporated
- 2007-02-14
- Location
- Tunbridge Wells
- Industry
- 4525
From the administrators' statement
From 2007 the Company provided services to the Horntye Park Management Company the Trustees of Hastings & St. Leonards Central Cncket and Recreation Ground ("The Homtye Trustees”) in relation, to the proposed sale by the Homtye Trustees of part of the Homtye Sports Compiex at Bohemia Road, Hastings, East Sussex, (“the Site”) for residential development.
The Company was funded by Wnght Holdings Limited ("WHL"), under a loan agreement, which was secured by a debenture registered on 11 February 2009, granting fixed and floating charges over the assets and undertaking of the Company.
On 20 February 2012 WHL made formal demand on the Company for the repayment of £436,929, by 22 February 2012. The Company was not in a position to repay the sums outstanding, and accordingly on 23 February 2012, the appointment of an Administrator was made by WHL under Its Qualifying Floating Charge, pursuant to Paragraph 14 of Schedule B1 of the Insolvency Act 1986, and David Thomuley of Traverse Advisory was appointed Administrator
Administrators' statement of proposals (2012-05-02) · Companies House register