# Prestbury Property Developments Limited (09777427)

> Why UK company 09777427 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09777427

- **Status:** In administration
- **Administration began:** 2018-02-23
- **Administrators:** Arron Simon Kendall, Milan Vuceljic
- **Administrators' firm:** Moorfields
- **Incorporated:** 2015-09-15
- **Location:** London
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Funding withdrawn / unable to refinance
- Management failings / irregularities
- Regulatory change or action

## From the administrators' statement

« Moneything provided a loan facility to the Company in order to fund the construction costs of the Development.

• In Q4 of 2017, Moneything instructed surveyors to provide a report on progress of the Development pursuant to the terms of their facility.

• The report from the surveyor raised significant concerns with regard to the project timetable and works undertaken to date in view of the funds already drawn down.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09777427/filing-history/MzIwMzY3OTYxMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09777427

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