Prime London One Limited (08791479): administration
- Status
- Administration ended
- Administration began
- 2019-05-13
- Administrators
- Hayley Dawn Simmons, Karyn Jones
- Administrators' firm
- Shaw Gibbs Insolvency
- Incorporated
- 2013-11-26
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1 Shaw Gibbs Insolvency Limited ‘SGIL’ were initially contacted in March 2018 by the Director and company’s accountant with a view to instructing SGIL to assist in placing the company into creditors voluntary liquidation ‘CVL’. No formal instructions were received from the Director. it was also apparent that difficulties would be encountered in commencing a CVL process as there was a lack of information concerning the shareholders of the company and this would prevent the ability to convene the statutory members’ meeting.
3.2 In February 2019 Companies House issued notice that the company would be struck off the register and the company dissolved. The company’s property would be deemed to be bona vacentia, and accordingly would belong to the crown if the company was dissolved.
Instructions were subsequently received from the Chargeholder on 30 April 2019 to take steps to place the company into Administration and to appoint Karyn Jones and Hayley Simmons of SGIL as Joint Administrators.
Administrators' statement of proposals (2019-07-11) · Companies House register