FSL Properties Trafford Press Limited (07574635): administration
- Status
- Administration ended
- Administration began
- 2013-09-26
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2011-03-23
- Location
- Manchester
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Sustained trading losses
From the administrators' statement
31 The FreshStart Living group was founded in 2009 and specialises in transforming empty and underperforming buildings into affordable homes for tenants, and also sells to investor landlords It has developed residential and student accommodation schemes in Manchester, Liverpool, Salford, Stockport, Nottingham, Bradford and Greenock, Scotland
32 FSL was incorporated in 2011 by Director Phillip Wright along side Chief Executive Charles Cunningham and Consultant Andrew Camilleri (both of Fresh Start Living) as a vehicle for the Trafford Press development The development consists of 5 phases in Old Trafford known as A, B, C, D and E
33 The development was part funded by way of a phased development loan from SKPB Services LLP (“SKPB’) to be provided over two phases The initial payment of £1 3m was advanced in November 2012 Due to certain contractual conditions not being met, the second phase payment due in January 2013 was not made
Administrators' statement of proposals (2013-11-26) · Companies House register