Sherwood Court (Newark) Limited (11193974): administration
- Status
- Administration ended
- Administration began
- 2023-08-15
- Administrators
- Geoffrey Paul Rowley, Sandra Lillian Mundy, Paul Davies, Thomas Charles Russell, Paul David Allen
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-02-07
- Location
- 1-4 Cumberland Place
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- COVID-19
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
The Company was incorporated on 07 February 2018. The Company is a subsidiary of Royale Parks Limited (the ‘Parent’.
The Parent has 21 wholly owned subsidiaries (20 of which are in administration). The Parent has a sister company Time GB Properties Limited with 21 subsidiaries (ten of which are not in administration). We are acting as joint administrators in respect of both parent companies, and their subsidiaries where they are in administration. (Please note that Thomas Russell is not one of the joint administrators of the parent companies or Waterside Country Park Limited). We will refer to both parent companies and their respective subsidiaries which are in administration throughout these proposals as ‘the Group’.
The Company’s activities included acquiring land on which to develop luxury bungalow developments (dwellings being subject to the Mobile Homes Act). The only employees of the Company were the four directors. However, the Company received the services of staff employed by other group companies including site service staff and head office staff. We are not appointed over the companies which provide employees or head office staff.
Administrators' statement of proposals (2023-10-07) · Companies House register