# Vale Farms Limited (08612368)

> Why UK company 08612368 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08612368

- **Status:** Administration ended
- **Administration began:** 2020-06-30
- **Administrators:** Charles Howard Ranby-Gorwood
- **Administrators' firm:** CRG Financial Recovery
- **Incorporated:** 2013-07-16
- **Location:** Grimsby
- **Industry:** 01430 Raising of horses and other equines

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the directors of the Company and not from my personal knowledge as Administrator.

The Company has a loan to HNW Lending Limited (“HNW”) for some £3.1 million that is secured by way of fixed and floating charge over the property owned by its subsidiary company, White Rose Apartments Limited (“WRAL”), and the floating charge assets of the/company. There had been significant correspondence to seek to resolve the indebtedness repayment, and ultimately a consent court order was made on 4June 2020 providing possession to HNW by both the Company and White Rose Apartments Limited and the “requirement'to pay some £2.2 million. ”

The possession is over the property known as Leaventhorpe Hall and the surrounding equestrian centre, Thornton Road, Thornton, Bradford, BD13 3BD. The terms of the court order were not achieved, so HNW appointed Charles Ranby-Gorwood (“CRG”) as Administrator of the company and also as LPA Receiver of Leaventhorpe Hall and the surrounding equestrian centre on 30" June 2020. The appointment was arranged directly by solicitors without contact between the directors and CRG. The possession order could be further pursued by HNW, but the Covid 19 restrictions meant that certain timescales had to be adhered to, so alternative security measures were more appropriate.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08612368/filing-history/MzI3NjIwMzA4MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08612368

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