Mount Group Student Natex Ltd (10418229): administration
- Status
- Administration ended
- Administration began
- 2021-10-05
- Administrators
- Conrad Alexander Pearson, Patrick Alexander Lannagan
- Administrators' firm
- Mazars
- Formerly
- Mount Group Student Natex Limited; Bollin Park Limited; MC Property Consultancy Ltd
- Incorporated
- 2016-10-10
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- COVID-19
From the administrators' statement
Mount Group Student Natex Ltd (‘the Company’) was incorporated on 10 October 2016 as a SPV and began trading on 3 October 2017. The Company’s sole director and shareholder is Mr Yerolomi Michael Chrysokhou. The Company is part of a group of associated companies, ‘Mount Property Group’, under the control of Mr Chrysokhou.
The Company acquired the Property, freehold land at Norton Street, Liverpool, L3 8PY, on 5 June 2018 with a view to developing it into a student accommodation complex. The Property is conveniently located at the corner of Islington, Norton Street and Fraser Street, close to Liverpool City Centre and within proximity to the Royal Liverpool University Hospital and the University of Liverpool, as well as Liverpool Lime Street train station and other public transport and motorway links.
HM Land Registry records a purchase price of some £3.75m plus VAT in June 2018. The purchase appears to have been funded by way of a loan facility secured by way of legal charge, which was satisfied on 11 November 2019.
Administrators' statement of proposals (2021-12-01) · Companies House register