Godwin Capital No.21 Limited (11051556): administration
- Status
- In administration
- Administration began
- 2025-06-20
- Administrators
- Steven Illes, Andrew John Duncan
- Administrators' firm
- Mha
- Formerly
- GC No.21 Limited
- Incorporated
- 2017-11-07
- Location
- London
- Industry
- 64303 Activities of venture and development capital companies
Why it went into administration
- Cash flow / liquidity pressure
- Rising costs / inflation
- Property / lease costs
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my Proposals has been prepared based on company documentation which has been received and reviewed and not from my personal knowledge as Joint Administrator.
The Company was incorporated on 7 November 2017, with its registered office at 4 Castle House, Kirtley Drive, Nottingham, Nottinghamshire, NG7 1LD. It formed part of the wider Godwin Group (“the Godwin Group”), which comprised a network of property investment, development and special purpose vehicle (“SPV”) property holding companies, including Godwin Capital No.21 Limited (“the Company’). There are over 100 companies in the wider Godwin Group and this is a very complex matter.
The Group’s model involved raising capital from investors through the issue of fixed-rate loan notes. The Company issued two core loan note products offering fixed returns of 10% and 12%, with either bi-annual or deferred interest payments. Each loan note was secured by a legal charge over the Company’s assets, with the debenture held by Blue Water Capital Limited (“BWC”), acting as Security Trustee on behalf of the loan note holders (‘LNH’).
Administrators' statement of proposals (2025-08-15) · Companies House register