5 MAY Street Ltd (09178442): administration
- Status
- In administration
- Administration began
- 2026-06-25
- Administrators
- Andrew Little, Gillian Margaret Sayburn
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-08-15
- 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 August 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 £85,000. 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 £73,500. This was recorded in
-3the initial accounts as £74,448 which is assumed to include some modest capital expenditure following acquisition of £948.
Administrators' statement of proposals (2026-08-27) · Companies House register