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Proserpina Ltd (07284129): administration

Status
Administration ended
Administration began
2013-06-13
Administrators
Sarah Helen Bell, Steven Muncaster
Administrators' firm
Kroll
Incorporated
2010-06-15
Location
Near Selby
Industry
41100 Development of building projects

From the administrators' statement

Christopher Lewis and Catherine Lewis parents of the Directors, were involved in 4 failed farm purchase in 2007/8 which left them with debts totalling c£1 9m, for which security over the family home, Camblesforth was given to the lenders

Subsequently the lenders involved then commenced proceedings to possess Camblesforth It was against this backdrop that the Lewis's entered negotiations with Acorn in May 2010, with a view to consolidating the various outstanding loans onto new facilities, with the intention of retaining Camblesforth and submitting various planning applications for the property and land Once pianning had been obtained, the intention was to sell the asset at an enhanced value

Proserpina Limited, Cerealia Limited and Lampetia Limited (Afi In Administratron}

Administrators' statement of proposals (2013-09-19) · Companies House register

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Proserpina Ltd (07284129)

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