Atlantic House Ltd (07182933): administration
- Status
- Administration ended
- Administration began
- 2018-05-02
- Administrators
- Laurence Pagden, Simon James Underwood
- Administrators' firm
- Menzies
- Incorporated
- 2010-03-09
- Location
- London
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company was incorporated in March 2010 to redevelop the site known as the Atlantic Hotel, in New Polzeath, Cornwall. The site was originally purchased in 2008 by Messrs Brian and Christopher Scholfield and the Company was later incorporated by them to assist with the development.
On 11 May 2015, the Company entered into a Development and Facility agreement (“DFA”) with the Secured Creditor. The broad terms of the DFA were as follows:
• The Secured Creditor would purchase the entire freehold property for £1,000,000 and provide a loan facility of £3,600,000 to the Company.
Administrators' statement of proposals (2018-07-05) · Companies House register