GMP Property Holdings Ltd (10585557): administration
- Status
- In administration
- Administration began
- 2026-06-23
- Administrators
- Mark Boast, Benjamin Stanyon
- Administrators' firm
- Opus Restructuring
- Incorporated
- 2017-01-26
- Location
- Milton Keynes
- Industry
- 68209 Other letting and operating of own or leased real estate
From the administrators' statement
The Company had been marketing the Property for sale since April 2025. However, the sale process was complicated by the Property's designation as an Asset of Community Value (“ACV”) for which there is a process under which the local authority has to be given notice of any intention to sell and a 6-month moratorium on any sale is invoked to allow a community group to submit a bid to purchase.
Inthe case of the Property a local community group did submit a bid, however the Administrators understand that the sale process became protracted due to a number of reasons including funding and the sale fell through.
The Company was reliant upon income generated by TPTCL to service the mortgage repayments due to the Bank. However, with the mortgage on the Property already 6-months in arrears, TPTCL ceased trading at the beginning of June 2026. Consequently, the Company was not in a position to discharge its obligations under the mortgage and the Company’s director sought advice from Opus on 18 June 2026.
Administrators' statement of proposals (2026-08-19) · Companies House register