London and Suburbs Limited (09634760): administration
- Status
- Administration ended
- Administration began
- 2021-06-22
- Administrators
- Freddy Khalastchi, Jonathan David Bass
- Administrators' firm
- Menzies
- Incorporated
- 2015-06-11
- 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- Funding withdrawn / unable to refinance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
Background to the Company
The Company was incorporated in June 2015 with the sole purpose of developing, and selling the Property, details of which are provided above.
In August 2015 the Company purchased the property at Ziggurat House, 25 Grosvenor Road, St Albans, AL1 3UE with a view to redevelopment from commercial to residential units with the assistance of funding from CPB Residential Finance Limited. This was secured by way of a legal mortgage over the property and a fixed and floating charge over all the company assets.
Administrators' statement of proposals (2021-08-25) · Companies House register