Parkview Battersea Ltd (09711536): administration
- Status
- Administration ended
- Administration began
- 2020-08-07
- Administrators
- Arron Simon Kendall, Milan Vuceljic
- Administrators' firm
- Moorfields
- Incorporated
- 2015-07-31
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was incorporated on 31 July 2015, specifically for the purpose of purchasing the Property with the benefit of planning permission for the demolition of the existing two storey dwelling building and erection of a 14-storey mixed-use development compromising of office space and 39 residential units.
The Company completed the purchase of the Property in December 2015 for £3,000,000.
The loan provided by OakNorth included a development facility which was to fund the construction costs. The loan is secured by way of a debenture and legal charge, created on 2 May 2018 (“OakNorth Debenture’). OakNorth appointed Paragon Building Consultancy as project monitors for the Development pursuant to the terms of their development facility. The Development is spread across two sites: The main scheme consisting of phases 1 and 2, and phase 3 works known as the S106 Sports Hall Works (“the S106 Sports Hall Works’).
Administrators' statement of proposals (2020-10-30) · Companies House register