35 Worsley Close Ltd (11427473): administration
- Status
- In administration
- Administration began
- 2026-06-23
- Administrators
- Andrew Little, Gillian Margaret Sayburn
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-06-21
- Location
- Newcastle upon Tyne
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Property / lease costs
From the administrators' statement
The Company was formed in June 2018 specifically to hold an investment property that had been crowd funded following a promotion by Crowd2Let Capital Ltd.
The initial investors purchased “shares” in the company based on a crowdfunded package price of £76,000. This covered the purchase price of the property, legal costs and an element of funds for decoration / refurbishment. The property purchase price registered at Land Registry was £66,000. This was recorded in the initial accounts as £71,480 which is assumed to include some capital expenditure following acquisition of £5,480.
-3Each “share” cost £500 and represented the purchase of one £1 share and a long term loan of £499 per “share”. The initial subscription was for 152 shares. The original shareholders were recorded on the incorporation documents at Companies House. There have been no subsequent amendments to the register of shareholders at Companies House. We are aware that at least two of the original shareholders who held shareholding have had repayment of the investment.
Administrators' statement of proposals (2026-08-25) · Companies House register