Permitted Developments Investments No 6 Ltd (11095309): administration
- Status
- In administration
- Administration began
- 2023-10-30
- Administrators
- Philip Lewis Armstrong, Philip James Watkins
- Administrators' firm
- FRP Advisory
- Incorporated
- 2017-12-04
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 4 December 2017 as an SPV for the purpose of acquiring the Property and developing it into residential apartments.
Group structure and management A structure chart for the Group is attached at Appendix A.
BYMC is the Company’s sole shareholder and the beneficial owner of the Group. The Group 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, including various senior and mezzanine lenders.
Administrators' statement of proposals (2024-01-05) · Companies House register