Melliss AVE Devco Limited (10970643): administration
- Status
- Administration ended
- Administration began
- 2023-07-06
- Administrators
- Damian Webb, Glen Carter
- Administrators' firm
- RSM
- Incorporated
- 2017-09-19
- Location
- London
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company was incorporated in September 2017 as a special purpose vehicle (‘SPV’) to facilitate the development of a former Thames Waiter site at Melliss Avenue, Kew, TW9 4BD (‘the site’). The sole director of the Company is David Boulter.
Melliss Ave Midco Limited (‘the parent’) is the parent of the Company. Other companies within the group are, Melliss Ave Planco Limited, being the shareholder of the parent and Avalion Living Limited, being the ultimate parent company.
The Company acquired the site in December 2017 for c.£13m. The director advised that the purchase was funded by senior debt from Greenoak UK Secured Lending li S.A.R.L.((Greenoak’), mezzanine debt from Beaufort Ventures li (Jersey) Limited (‘Beaufort’) into the parent company and shareholder loans. Both Greenoak and Beaufort were granted security over the Company.
Administrators' statement of proposals (2023-09-05) · Companies House register