GC No.24 Limited (10911688): administration
- Status
- In administration
- Administration began
- 2025-06-20
- Administrators
- James Saunders, Michael Lennon
- Administrators' firm
- Advisory
- Incorporated
- 2017-08-11
- Location
- City Of London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
KR8 Advisory Ltd were first approached by Together on 17 June 2025 and subsequently the Joint Administrators appointed on 20 June 2025.
No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
An investment sale of the Property was agreed and the sale was forecast to complete in Q3 of 2024, but ahead of the sale completing a neighbourly dispute arose with respect to the adjoining PFS and access. The sale was conditional upon resolution of the access dispute and associated works.
Administrators' statement of proposals (2025-09-01) · Companies House register