High Street Residential UK Limited (11238944): administration
- Status
- Administration ended
- Administration began
- 2021-10-27
- Administrators
- Carrie James, Paul Davies
- Administrators' firm
- FRP Advisory
- Incorporated
- 2018-03-07
- Location
- Southampton
- Industry
- 64203 Activities of construction holding companies
Why it went into administration
- Parent or group failure
From the administrators' statement
The Company was incorporated on 7 March 2018 and operated as a holding company for a number of special purpose vehicles (SPVs) which undertook property developments. The Company is wholly owned by High Street GRP Limited. An extract from the Company’s group structure as at the date of the administration is shown at Appendix D.
The Company employed a small number of staff who worked across the group to support its developments and fundraising activities. The employees had left the business by the summer of 2021. The Company has not filed financial statements at Companies House. The Company was financially reliant on its parent and the wider group.
The Company granted security by way of fixed charges over the shares of some subsidiaries to five charge-holders from February 2019 to November 2020 to support lending to group companies. Two of the Company’s charges were satisfied on 27 August 2021 and three remain.
Administrators' statement of proposals (2022-01-04) · Companies House register