# Massey's Folly Development Limited (09533249)

> Why UK company 09533249 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09533249

- **Status:** In administration
- **Administration began:** 2021-10-25
- **Administrators:** Alex David Cadwallader, Nicholas Myers
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2015-04-09
- **Location:** London
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was incorporated on 9 April 2015 for the single purpose of acquiring and developing the Massey’s Folly Site. We understand the original Site was acquired in 2015 for £832,000 prior to granting of the current

planning permissions. The Company acquired the property with the intention of developing the site into a residential block of seven properties.

In order to fund the development of Massey’s Folly, the Company obtained a loan from Lyell, who are secured by way of first ranking fixed and floating charge over the Company’s assets being primarily Massey’s Folly. Lyell are currently owed circa £4million, including accrued interest.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09533249/filing-history/MzMyMzg2NTM3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09533249

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