From the administrators' statement

Creditor should note that, unless otherwise stated, this section of the proposals has been prepared based on the information provided by the Company and not from our personal knowledge as Joint Administrators. The Joint Administrators will carry out their own investigations to verify the reasons provided for the Company's insolvency.

The Company was incorporated on 21 February 2015 and operated as the holding company for certain of the wider “Bricks” group of companies, i.e. those companies in which it held shares or related subsidiaries. The Bricks Group (“the Group’) itself consists of 94 companies connected by way of a common director, Mr Peter Prickett, and a copy of the group structure can be found in Appendix J.

As a holding company, the Company operated largely to seek investments and funding on behalf of the wider Bricks Group and, accordingly, it had no employees. The Company originally traded from Prescott Street and then Bulstrode Place, both in London, and at the time that the Company ceased trading, it was operating from premises in The Shard, London. The Group itself developed properties, which were generally either hotels and/or student accommodations. These properties were held within different groups of subsidiaries, within the wider Group, rather than within the Company itself, with each “sub-group” of subsidiaries generally consisting of:

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