# Furness House Developments Limited (11176766)

> Why UK company 11176766 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11176766

- **Status:** Administration ended
- **Administration began:** 2023-04-24
- **Administrators:** James Alexander Snowdon, Georgina Marie Eason
- **Administrators' firm:** MHA
- **Incorporated:** 2018-01-30
- **Location:** London
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Property / lease costs
- Weather / natural events
- Cash flow / liquidity pressure
- Sustained trading losses
- Rising interest rates

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Administrator.

The Company was incorporated on 30 January 2018. The Company’s name has not changed since appointment.

The Company was established as a Special Purpose Vehicle (“SPV”) for the sole objective of developing the freehold property situated at Furness House, 53 Brighton Road, Redhill, Surrey, RH1 6RD (“the Property”). The Land Registry Title Number for the Property is SY562242.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11176766/filing-history/MzM4MzQxMDQ1MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11176766

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.