Fortuneswell Investments No.3 Ltd (09836893): administration
- Status
- Administration ended
- Administration began
- 2021-02-11
- Administrators
- Michael James Wellard
- Administrators' firm
- RBW Restructuring
- Incorporated
- 2015-10-22
- Location
- Hoddesdon
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
In completing the legal! due diligence for a sale, it became apparent that the first legal charge only related to Newtons and therefore the FCR's appointment did not cover Foreshore. Foreshore would, however, be caught by Proplend’s floating charge.
After considering various options with their lawyers, Proplend decided to appoint an Administrator of the Company under their floating charge.
On 11 February 2021, Michael Wellard of MJW Restructuring Limited (now RBW Restructuring Limited) was appointed Administrator of the Company following the filing of a Notice of Appointment of Administrators by Proplend as a Qualifying Floating Charge Holder.
Administrators' statement of proposals (2021-04-13) · Companies House register