# Murfet Group Limited (09837943)

> Why UK company 09837943 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09837943

- **Status:** Administration ended
- **Administration began:** 2022-01-24
- **Administrators:** Benjamin Neil Jones, Arvindar Jit Singh
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2015-10-22
- **Location:** Birmingham
- **Industry:** 41202 Construction of domestic buildings

## From the administrators' statement

As detailed above, Merchant Money were afforded a corporate cross-guarantee in respect of monies advanced to the Borrower in May 2019. In security, Merchant Money obtained a second (equitable) charge over the Properties together with a debenture covering the wider property of the Company.

It is understood that the Borrower initially defaulted in their repayments to Merchant Money in April 2020. Merchant Money approached the Former Director on multiple occasions and engaged in significant dialogue in an effort to find a resolution. Such efforts extended to Merchant Money's willingness to explore a restructure of existing finance agreements. The arrears were later paid, and the debts successfully restructured.

Murfet Group Limited The Joint Administrators’ Proposals

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09837943/filing-history/MzMzMjg2MjUzMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09837943

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