# Relic the Waren Ltd (10079952)

> Why UK company 10079952 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10079952

- **Status:** Administration ended
- **Administration began:** 2017-09-04
- **Administrators:** Simon Robert Thomas, Arron Simon Kendall
- **Administrators' firm:** Moorfields
- **Incorporated:** 2016-03-23
- **Location:** London
- **Industry:** 41202 Construction of domestic buildings

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure

## From the administrators' statement

• The Company had purchased the Property for £2m. This was achieved by agreeing a deferred payment of £900k with the vendor, secured by way of a legal charge over the Property.

• The Company also obtained a loan from Lendinvest which is secured by way of a debenture and legal charge.

• Soon after construction commenced, the Company began to suffer from cashflow problems which meant that renovations of the Property ceased in July 2017.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10079952/filing-history/MzE4OTczNDAxN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10079952

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