# Propiteer Fletton Quays Limited (11362186)

> Why UK company 11362186 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11362186

- **Status:** In administration
- **Administration began:** 2024-02-15
- **Administrators:** Alex David Cadwallader, Nicholas Myers
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 2018-05-15
- **Location:** London
- **Industry:** 55100 Hotels and similar accommodation

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

The Company was incorporated on 15 May 2018 with the sole purpose of developing a block of 100 residential apartments and ground floor commercial space in Fletton Quays, Peterborough (“the Development”). The Development is located at Plot B1, Fletton Quays, East Station Peterborough.

The Company purchased the land on 6 December 2018 for £889,000. The gross development value (“GDV”) has been estimated to be £21.24million. The Development is circa 16 weeks from practical completion.

The Development endured significant cost and time overruns, prompted by the administration of their main contractor. The Company faced increasing creditor pressure and on 18 October 2023, Assured CMS Limited, filed a winding up petition against the Company. The hearing set for 24 January 2024 was adjourned until 21 February 2024.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11362186/filing-history/MzQxNzYyOTkwNWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11362186

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