# 88 Lyon Street Ltd (09133330)

> Why UK company 09133330 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09133330

- **Status:** In administration
- **Administration began:** 2026-06-23
- **Administrators:** Andrew Little, Gillian Margaret Sayburn
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2014-07-16
- **Location:** Newcastle upon Tyne
- **Industry:** 68209 Other letting and operating of own or leased real estate

## From the administrators' statement

The Company was formed in July 2014 specifically to hold an investment property that had been crowd funded following a promotion by Crowd2Let Capital Ltd. The initial investors purchased “shares” in the company based on a crowdfunded package price of £79,000. This covered the purchase price of the property, legal costs and an element of funds for decoration / refurbishment. The property purchase price registered at Land Registry was £66,000. This was recorded in the initial accounts as £67,448 which is assumed to include some modest capital expenditure following acquisition of £1,448.

Each “share” cost £500 and represented the purchase of one £1 share and a long term loan of £499 per “share”. The initial subscription was for 158 shares. The original shareholders were recorded on the incorporation documents at Companies House. There have been no subsequent amendments to the register of shareholders. We are aware that one of the original shareholders who held a substantial shareholding has had repayment of the investment.

The initial accounts as at 31 July 2015 would not appear to reflect the full funding package subscribed for in long term creditors. No other information is available as to why this is the case.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09133330/filing-history/MzUzOTExMTE5OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09133330

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