Twenty Exeter Road Limited (06413684): administration
- Status
- Administration ended
- Administration began
- 2012-10-02
- Administrators
- Colin Ian Vickers, Christopher David Stevens
- Administrators' firm
- FRP Advisory
- Incorporated
- 2007-10-31
- Location
- Worthing
- Industry
- 41100 Development of building projects
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated in October 2007 and its principle business activity is the development of building projects. The Company is a party to a large development project in Bournemouth, which includes the adjoining property at 30 Exeter Road and also the Winter Gardens.
The Company acquired a three storey building known as 20 Exeter Road, Bournemouth (“the Property”) shortly after it was incorporated. The date of the purchase as registered at the Land Registry Is 22 January 2008.
The ground floor (known as 20 Exeter Road) has been let on a long lease to La Strada Restaurant. The lease has 12 years remaining The rent ts currently £45,000 per annum following a recent rent review carned out by the Company
Administrators' statement of proposals (2012-11-28) · Companies House register