# Signature Living Preston Limited (10599088)

> Why UK company 10599088 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10599088

- **Status:** In administration
- **Administration began:** 2022-08-05
- **Administrators:** Robert Armstrong, Benjamin John Wiles
- **Administrators' firm:** Kroll
- **Incorporated:** 2017-02-03
- **Location:** Manchester
- **Industry:** 41100 Development of building projects

## Why it went into administration

- COVID-19
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Brexit

## From the administrators' statement

The Signature Group initially raised funding via collective investment schemes and secured and unsecured lending, to purchase and develop dilapidated buildings into hotels and residential schemes.

Significant delays to the development of the Property occurred from 2019 as a result of Brexit uncertainty, asbestos that was found within the building that needed rectifying and the COVID-19 lockdown measures that put a halt to all property development.

Activity resumed on the Property intermittently from June 2020 with the easing of the COVID-19 lockdown measures, for example, the roof extension was completed, and interior works were progressed.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10599088/filing-history/MzM1Mzc2NTc2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10599088

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