Soller Four Limited (10034339): administration
- Status
- Administration ended
- Administration began
- 2023-11-10
- Administrators
- Alistair Mcalinden, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2016-03-01
- Location
- Manchester
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
We understand that negotiations between the Company and the Secured Creditor to find a solvent solution, such as a refinance / repayment of the secured loan, were underway for a period of time prior to the appointment of Administrators but no agreement could be reached. The Property generates a modest lease income through its current use as a car park, but this was not of sufficient quantum to service the secured loan.
Following an assessment of strategic options, the Secured Creditor took steps to appoint the Joint Administrators under the terms of the floating charge held.
Administrators' statement of proposals (2023-12-31) · Companies House register