Vertu Capital Limited (09220425): administration
- Status
- Administration ended
- Administration began
- 2018-02-22
- Administrators' firm
- Kroll
- Incorporated
- 2014-09-16
- Location
- Solihull
- Industry
- 68209 Other letting and operating of own or leased real estate
From the administrators' statement
The Company was incorporated in September 2014 and the principal activity of the business was the letting of freehold properties.
The Company's difficulties originated when the Director became aware of a claim in the sum of £300,761 in respect of a prior loan that the Director thought had been previously been extinguished.
In addition, the principal Director is a property entrepreneur and three of the properties in the Company were financed using a short term bridging toan which was due to be repaid in September 2017. This was not achieved and the Company has been incurring substantial default interest charges since this date.
Administrators' statement of proposals (2018-05-03) · Companies House register