Corylos Limited (09919284): administration
- Status
- Administration ended
- Administration began
- 2023-04-04
- Administrators
- Philip Lewis Armstrong, Geoffrey Paul Rowley
- Administrators' firm
- FRP Advisory
- Incorporated
- 2015-12-16
- Location
- London
- Industry
- 90040 Operation of arts facilities
Why it went into administration
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated in December 2015 and traded as an arts hub from five Victorian, leasehold premises at Cromwell Place, South Kensington, London.
The properties at 1-5 Cromwell Place were leased from South Kensington Estates Limited (or associated entities).
The original funding for the business was provided as equity by William Scott Murdoch, John Martin & Toby Anstruther. A number of other investors joined with the key investor being DOIT Creations Jersey Ltd (Trust).
Administrators' statement of proposals (2023-05-01) · Companies House register