Lava Mayfair Limited (10024718): administration
- Status
- Administration ended
- Administration began
- 2020-10-22
- Administrators
- Simon James Bonney, Christopher Newell
- Administrators' firm
- Quantuma
- Incorporated
- 2016-02-24
- Location
- Maidenhead
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Property / lease costs
From the administrators' statement
3.1 As there was concern over the viability of a CVA proposal the directors entered into negotiation with the Bank with a view to purchasing the debt. These negotiations were unsuccessful. During this period the Bank on served a Formal Demand on the Company and LMCL on 16 October 2020.
3.2 As the demand for repayment had not been satisfied the Bank subsequenily filed the necessary documentation to appoint Chris Newell and Simon Bonney as Joint Administrators of the Company on 22 October 2020.
3.3
Administrators' statement of proposals (2020-12-16) · Companies House register