# Knightsbridge Real Estate Asset Management Limited (10249111)

> Why UK company 10249111 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10249111

- **Status:** Administration ended
- **Administration began:** 2023-10-26
- **Administrators' firm:** Mercian Advisory
- **Incorporated:** 2016-06-24
- **Location:** Lichfield
- **Industry:** 70229 Management consultancy activities other than financial management

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure

## From the administrators' statement

The Company was incorporated as Knightsbridge Real Estate Asset Management Limited (‘the Company") on 24 June 2016 and commenced trading immediately under the trading name KREAM.

The Company's liabilities consist of VAT and CT arrears, a balance due to Barclays Bank plc (bounce back loan and overdraft), a director's loan account, the accountant, and a disputed claim lodged by an architect previously engaged by the Company.

It is understood that the Company has effectively not traded for more than 2 years. In September 2021 the Company held a plot of land that was sold, subject to conditions, to a connected entity JWL Private Limited ("JWL"). The sales consideration was £470,000 plus VAT. The director has stated that it was a condition of the agreement that, if planning permission was not obtained within 2 years, no payment would be required by JWL.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10249111/filing-history/MzQwMTk1MDgxN2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10249111

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