# TG Flaunden Ltd (09481966)

> Why UK company 09481966 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09481966

- **Status:** Administration ended
- **Administration began:** 2017-09-04
- **Administrators:** Simon Robert Thomas, Arron Simon Kendall
- **Administrators' firm:** Moorfields
- **Formerly:** Relic Flaunden Limited
- **Incorporated:** 2015-03-10
- **Location:** London
- **Industry:** 41202 Construction of domestic buildings

## Why it went into administration

- Funding withdrawn / unable to refinance
- Creditor pressure / legal action

## From the administrators' statement

« The Company had purchased the Property for £1.65m. This was achieved by agreeing a deferred payment of £200k with the vendor, secured by way of a legal charge over the Property.

« The Company also obtained a development loan from Lendinvest which is secured by way of a debenture.

• Soon after construction commenced, the Company began to suffer from a lack of cash which meant that construction at the Property subsequently ceased in July 2017.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09481966/filing-history/MzE4OTczMzczMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09481966

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.