Avenue Close Freehold Limited (11506873): administration
- Status
- Administration ended
- Administration began
- 2022-10-14
- Administrators
- Jamie Taylor, Paul Robert Appleton
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2018-08-08
- Location
- Southend-on-Sea
- Industry
- 98000 Residents property management
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated as a vehicle to acquire the freehold interest in Avenue Close, London NW8, pursuant to the provisions of Chapter | of the Leasehold Reform, Housing and Urban Development Act 1993 (‘the LRHUD Act’).
A Participation Agreement (“the Agreement”) was entered into on 30 January 2019 and those leaseholders who participated are known as “Participating Tenants”.
A notice under s.13 of the LRHUD Act requires that the Participating Tenants elect a ‘Nominee Purchaser’, which shall be the entity, which ultimately acquires the freehold interest in a successful collective enfranchisement claim. In a collective, the Nominee Purchaser is usually a limited company.
Administrators' statement of proposals (2023-01-04) · Companies House register