Strongbox Holdings Ltd (10220405): administration
- Status
- Administration ended
- Administration began
- 2019-01-14
- Administrators
- Arron Simon Kendall, Simon Robert Thomas
- Administrators' firm
- Moorfields
- Incorporated
- 2016-06-08
- Location
- London
- Industry
- 80100 Private security activities
Why it went into administration
- Property / lease costs
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 8 June 2016 as an investment and financial company. The Company owns the freehold of Bahama Road, Haydock, St Helens in Merseyside which is occupied by a storage company known as Strongbox Self Storage Ltd (“the Management Company’)
From a review of the information available at the Land Registry, the freehold property has granted 133 leases, one over each storage unit. The 133 leases are owned by investors seeking a return on the premium paid from each lease. The Management Company operates a storage business from the premises and manages the premises by letting out the storage units.
The Company generates ground rent income totalling £18,400 per annum from the leaseholders
Administrators' statement of proposals (2019-03-02) · Companies House register