REP Productions 7 Ltd (07882969): administration
- Status
- In administration
- Administration began
- 2025-01-24
- Administrators
- Andrew Fender, Sandra Fender
- Administrators' firm
- Sanderlings Business Services
- Formerly
- Reliance Entertainment Productions 7 Ltd
- Incorporated
- 2011-12-15
- Location
- Birmingham
- Industry
- 59111 Motion picture production activities
From the administrators' statement
From my discussion with the Directors, | understand that Company ceased its original activity and on 12 November 2021 entered into a joint venture to develop a property in Bushey Heath which was completed in October 2023. The company agreed the proceeds from this development of £650,000 would be allocated as a stake in a further JV to develop
a redundant car park in Vaughan Road, Harrow. During the periods to 31% March 2024, £900,000 has been invested in the development. We have been provided with a copy of the joint venture agreement which has been reviewed by Venture Legal.
The company has depleted its resources but the development is still not complete, it was decided that the company should appoint an Administrator to negotiate a settlement with the other party in the joint venture and/or realise the investment at the best possible price.
Administrators' statement of proposals (2025-03-21) · Companies House register