# Manchester Road Development One Limited (09972721)

> Why UK company 09972721 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09972721

- **Status:** Administration ended
- **Administration began:** 2020-10-21
- **Administrators:** Robert Alexander Henry Maxwell, Richard Kenworthy
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2016-01-27
- **Location:** Leeds
- **Industry:** 68100 Buying and selling of own real estate

## From the administrators' statement

The Company was incorporated on 27 January 2016 to acquire and develop Land at Park Road, Bradford and Land and Buildings on the North Side of Park Road, Bradford from a previous insolvency.

The Company borrowed significant sums from Thincats Loan Syndicates Limited (‘Thincats”) and Moneything (Security Trustee) Limited (“Moneything”). Unfortunately, the planned development of the land did not materialise and the Company was receiving no income with which to meet its ongoing secured liabilities. As such, Thincats therefore appointed Nick Blackwell and Richard Durkin of Lambert Smith Hampton receivers over the land on 10 September 2020.

As a result of the above, the Company sought advice from Begbies Traynor (Central) LLP (“BT”) in September 2020 in respect of the Company's financial position. The advice received culminated in the directors’ instruction of BT to assist with the formalities of placing the Company into administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09972721/filing-history/MzI4NTgwNzE1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09972721

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