# Kypeside Developments Limited (10220208)

> Why UK company 10220208 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10220208

- **Status:** Administration ended
- **Administration began:** 2019-05-22
- **Administrators:** Donald Iain Mcnaught, Matthew Purdon Henderson
- **Administrators' firm:** BDO
- **Incorporated:** 2016-06-08
- **Location:** London
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Funding withdrawn / unable to refinance
- Regulatory change or action

## From the administrators' statement

3.1 The Company had been provided with loan facilities by Collateral Security Trustee Limited (“CST”), which operated as a peer to peer lender. On 27 April 2018, Shane Crooks and Mark Shaw of BDO were appointed as Joint Administrators of CST, following an application by the FCA to the High Court.

3.2 The Company’s loan facilities with CST had expired and the Administrators of CST had been seeking repayment of the secured debt. The directors sought to refinance the Company’s debt, however, in the absence of any proposals, the Administrators of CST took steps to appoint Administrators over the company. CST holds fixed and floating charges over the Company’s assets.

3.3 On 22 May 2019, Donald Iain McNaught, and Matthew Purdon Henderson of Johnston Carmichael LLP were appointed Joint Administrators of the

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10220208/filing-history/MzIzOTgwNjYzNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10220208

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