# KEY Homes UK Limited (06956342)

> Why UK company 06956342 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06956342

- **Status:** Administration ended
- **Administration began:** 2014-05-20
- **Administrators' firm:** CG&Co
- **Incorporated:** 2009-07-08
- **Location:** Manchester
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 8 July 2009 with the Company number 06956342, the registered office was at the date of the Administration at c/o Mcf{lure Naismith lip, 47 King Street, London, EC4R SAF

The Company was one of a group of Companies set up or acquired by Mr Rafik Patel for the ostensible purpose of attracting investment in a number of construction projects, including four proposed hotels in London and three student accommodation blocks in Bradford, Birmingham and Leicester Mr Patel was the sole director fof the Company from its incorporation until 5 April 2013

The Company was to develop the freehold Land on the north side of Wellington Road, Handsworth and land lying to the west of Old Crown and Cushion, Wellington Street, Perry Barr Birmingham with the intention of selling long leases of Specified rooms within the proposed buildings to investors in the UK and internationally, though various sales agents The dea was that the investors would receive rental income under each long lease once the project was completed Each agreement for lease provided that|investors would be entitled to the return of ther deposit and reservation fees upon the te¢mination of the agreement which would occur if practical completion of the relevant development had not been achieved

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06956342/filing-history/MzEwNDUzMDE1MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06956342

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