AMG Chatham Ltd (08889771): administration
- Status
- Administration ended
- Administration began
- 2020-06-27
- Administrators
- Adam Henry Stephens, Nicholas Myers
- Administrators' firm
- Evelyn Partners
- Formerly
- Kent & Sussex Chatham Limited
- Incorporated
- 2014-02-12
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Loss-making contracts / project overruns
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 12 February 2014. It specialised in the building and development of real estate, building upon the expertise which has been accumulated by the directors of the Company as a result of heir time spent operating within the building sector.
The Company’s principle asset is the Development which is located within 1.3 miles of both Chatham and Gillingham town centres and offers a comprehensive range of amenities and attractions. The Development also benefits from excellent commuter links and is situated close to the M20, M26, M25, the Dartford Crossing and London Airports as well as the channel ports and tunnel.
Development commenced in 2016 with funding initially sourced from Capital Bridging Finance Limited and Bridging Finance Limited. These loans were both refinanced in March 2016 by Amicus.
Administrators' statement of proposals (2019-09-04) · Companies House register