Property Finance and LAW Limited (10325973): administration
- Status
- Administration ended
- Administration began
- 2024-11-27
- Administrators
- Anthony Collier, Gary Hargreaves
- Administrators' firm
- FRP Advisory
- Incorporated
- 2016-08-11
- Location
- Ilford
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated 11 August 2016 by the Director as a special purpose vehicle (‘SPV”) to acquire the Properties.
The shareholders of the Company are Naresh Chopra and Aman Chopra. On incorporation, Naresh Chopra was appointed as the sole director of the Company, however, other directors have been appointed and resigned during the period from incorporation up to Administration. Naresh Chopra is the sole director upon our appointment.
The Properties were refinanced with Together in October 2019, and Together has the benefit of a debenture comprising fixed and floating charges dated 28 October 2019 over the assets of the Company, including a fixed legal charge over the Property.
Administrators' statement of proposals (2025-01-16) · Companies House register