Bricksave Holding UK Limited (09649987): administration
- Status
- Administration ended
- Administration began
- 2016-04-21
- Administrators
- Paul Steven Cooper, Stephen Mark Katz
- Administrators' firm
- Antony Berg of Williams & Partners
- Incorporated
- 2015-06-22
- Location
- London
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company’s sole trading activity was that of the development, hosting and maintenance of the website www bricksave com, which is a Real Estate Crowdfunding platform
Real Estate Crowdfunding allows money to be collectively raised from many investors and used to fund the purchase/construction of a property Investors own a percentage of the property in proportion to their initial investment The benefit for imvestors is access to the real estate market with relatively small amounts of money The website targets the Latin American market and it 1s evident that the properties are sourced internationally The website 1s available in English, Spanish and Portuguese, and went live on 14 November 2015
Investors were presented with opportunities to collectively buy properties on a buy-tolet basis, collect a proportional share of the rental come, as well as a share of the capital gains once the property is sold
Administrators' statement of proposals (2016-06-22) · Companies House register