MBI Ferndale Limited (09346762): administration
- Status
- Administration ended
- Administration began
- 2019-10-29
- Administrators
- John Paul Sugden, Rob Sadler
- Administrators' firm
- Kroll
- Incorporated
- 2014-12-09
- Location
- Cardiff
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 9 December 2014 by Mr. Woodhouse to acquire the Ferndale care home. The transaction was concluded on 31 March 2015 for the sum of £400,000 and HM Land Registry recorded the acquisition in the narne of the Company against the title number for the Property.
Mr. Forster became a Director of the Company on 1 May 2015.
The acquisition was funded by way of the Company entering into 25 leases for rooms within the property, which were sold throughout 2015.
Administrators' statement of proposals (2019-12-17) · Companies House register