SKY Building No 1 Ltd (10949865): administration
- Status
- In administration
- Administration began
- 2023-12-07
- Administrators
- Philip Lewis Armstrong, Geoffrey Lambert Carton-Kelly, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 2017-09-06
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
- Rising costs / inflation
From the administrators' statement
The Company was incorporated on 6 September 2017 as an SPV for the purpose of acquiring the property at Blocks A to D, New Horizons Court, Shield Drive, Great West Road, Brentford and developing it into residential apartments.
Group structure and management
The Company shares three of its directors and shareholders with the BYM Group, which operated as a real estate investment and development business, carried out through a number of SPVs. These SPVs purchased and in many cases carried out the development of land and property using various third-party professionals, contractors, and subcontractors, with funding provided by a range of investors.
Administrators' statement of proposals (2024-02-11) · Companies House register