Imbue Property Ltd (08958165): administration
- Status
- Administration ended
- Administration began
- 2019-10-16
- Administrators' firm
- Begbies Traynor
- Formerly
- Andrew James Property Management Ltd
- Incorporated
- 2014-03-25
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
The Company was set up as a vehicle to purchase two properties, a 127,000 square foot warehouse known as Fox Cover and a 75,000 square foot office block known as Lighthouse View, both located in Seaham. The Company was incorporated in March 2014 as Andrew James Property Management Limited by Andrew Tomlinson and James Buckle. The Company had two employees who managed the reception of the office block and the maintenance for both properties. Management time was effecting from entities under common control as the Company.
The strategy was for the properties to be renovated and brought up to date so that connected entities (operating principally under the Andrew James brand) could occupy and trade from the two sites as part of their planned expansion. The Company would earn income from the rental charged to the other entities. Lighthouse View was aiso fitted out to enable it to lease out office suites to third parties to generate additional income.
Fox Cover was previously a fish storage warehouse and required significant capital expenditure to enable it to be utilised by the connected entities as a storage and fulfilment centre.
Administrators' statement of proposals (2019-12-02) · Companies House register