# Sasta Paradise Limited (07973160)

> Why UK company 07973160 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07973160

- **Status:** Administration ended
- **Administration began:** 2019-01-14
- **Administrators:** Peter Kubik
- **Administrators' firm:** Insolvency Practitioners of Uhy Hacker Young
- **Incorporated:** 2012-03-02
- **Location:** London
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The business was established on 2 March 2012 as a joint venture for the purchase and redevelopment of freehold premises at 96-98 Hounslow High Street, London, TW3 INH.

The property was purchased in February 2014 at a price of £1,150,000, which was funded by the shareholders and Lloyds Bank Pic (‘the Bank’). The four shareholders invested £490,000 with the Bank providing an advance of £735,000 in return for fixed and floating charges over the Company’s assets.

In September 2015, permission was obtained to demolish the existing shop premises and to build a new retail unit and eight apartments. Quotations were sought and, eventually, Inventis Homes Limited (‘Inventis’) was appointed as the contractor with an estimate of £946,338. In August 2016, construction commenced with a scheduled completion date of August 2017.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07973160/filing-history/MzIyOTUwMTM2MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07973160

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