Oak Assets Ltd (06218899): administration
- Status
- Administration ended
- Administration began
- 2014-01-23
- Administrators
- Anne Clare O'Keefe, Andrew Graham Palmer
- Administrators' firm
- AlixPartners
- Incorporated
- 2007-04-19
- Location
- Manchester
- Industry
- 96090 Other service activities n.e.c.
From the administrators' statement
3.1 The principal activities of the Companies were the purchase and let of commercial properties.
32 The Administrators have been advised by the directors that the Compames acted as nominees 1n respect of a trust agreement.
33 The trust agreement was entered into between the Companies and numerous parties that invested 1n the properties in varying proportions The duty of care that the Compantes had to the investors is set out 1n the trust agreement which also sets out the relationsmp between the various investors. The directors advise that whilst the legal title to the properties 1s held jointly by the Companies, the investors are the beneficial owners of the properties and refer to themselves collectively as Stemcord Estate Company (Stemcord Estate).
Administrators' statement of proposals (2014-03-10) · Companies House register