# Canley 4 Limited (06579431)

> Why UK company 06579431 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06579431

- **Status:** Administration ended
- **Administration began:** 2012-04-02
- **Administrators:** Robert Andrew Croxen, David John Crawshaw
- **Administrators' firm:** KPMG
- **Formerly:** ROM Capital (Northampton) Limited
- **Incorporated:** 2008-04-29
- **Location:** London
- **Industry:** 7020

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure

## From the administrators' statement

Since September 2008, due to the onset of difficult trading conditions and a downturn in property values, the Group has been balance sheet insolvent

We understand that efforts were made to dispose of the properties in early 2011, however, these were not successful Notices of breach of covenants were issued in August 2011 and notice of default in December 2011, however, during December 2011, Lloyds completed a loan portfolio sale to LSREF Royal it Investments Limited (the ‘secured lender’) which included the Group's loan Hudson Advisors were subsequently appointed as loan administrators on behaif of the secured lender

On 21 March 2012, the secured lender demanded repayment of the entire loan and subsequently, on 22 March 2012, A Swarbrick and AR Bloom were appointed as Joint Administrators of Canley Limited The appointment was made by the Bank out of court as a holder of a qualifying floating charge

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06579431/filing-history/MzA1Nzg3OTI2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06579431

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.