First Choice Design and Developments Limited (09295918): administration
- Status
- In administration
- Administration began
- 2020-06-30
- Administrators
- Clive Morris, Paul A Palmer
- Administrators' firm
- Begbies Traynor
- Formerly
- First Choice Design and Development Limited
- Incorporated
- 2014-11-05
- Location
- Manchester
- Industry
- 41100 Development of building projects
From the administrators' statement
3.1 On 30 June 2020, Paul Palmer and Clive Morris of Marshall Peters were appointed Joint Administrators of the Company following the filing of a Notice of Appointment of Administrators by the secured creditor, LSC Finance Ltd who hold a fixed and floating charge over the Company’s assets.
3.2 Prior to the Joint Administrators’ appointment, Paul Palmer and Clive Morris had been acting as LPA Receivers over the Development.
3.3. Due to the financial issues identified on Phase 1 of the Development it was deemed necessary to place the Company into Administration in order to ensure that the Joint Administrators were able to gain full control of the Company's affairs and the Development.
Administrators' statement of proposals (2020-09-15) · Companies House register