Linnliv Ltd (09747348): administration
- Status
- Administration ended
- Administration began
- 2018-08-02
- Administrators
- Sarah O'Toole, Stuart Preston
- Administrators' firm
- Grant Thornton
- Incorporated
- 2015-08-25
- Location
- Manchester
- 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- Funding withdrawn / unable to refinance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's principal trading activity was the buying and selling of real estate.
The Company owns two residential properties at 12 and 12A Hill Street, Larkhall, ML9 2HA (the Properties), which previously comprised of one residential unit. However, the Company undertook significant renovation works to extend the property and separate the building into two stand-alone residential units.
This was done with a view to disposing of the two units for in excess of the purchase price and the costs associated with the renovation work at the Properties. However, a sale of either unit was not achieved.
Administrators' statement of proposals (2018-10-02) · Companies House register