# Park Place Plaza Ltd (08999314)

> Why UK company 08999314 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08999314

- **Status:** Administration ended
- **Administration began:** 2021-07-06
- **Administrators:** David Philip Soden, Ian Colin Wormleighton
- **Administrators' firm:** Deloitte
- **Incorporated:** 2014-04-16
- **Location:** Birmingham
- **Industry:** 68209 Other letting and operating of own or leased real estate

## Why it went into administration

- COVID-19
- Loss-making contracts / project overruns

## From the administrators' statement

• Reasons for failure & financial distress

During the construction phase of the development, the Company experienced cost overruns and delays in obtaining practical-completion. This was eventually obtained in November 2018 (Mulberry House) and. March 2019 (Boston House). The Company has sirice sold 158 out.of 202 residential units, and let one of retail units. :

However, the Company sold only two residential units in 2020, and suffered from eight cancellations for

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08999314/filing-history/MzI3Nzk2ODc1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08999314

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