NR Lyra Ltd (11749399): administration
- Status
- Administration ended
- Administration began
- 2021-10-11
- Administrators
- Benjamin John Wiles, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Incorporated
- 2019-01-04
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- COVID-19
From the administrators' statement
Development of the Site commenced in early 2019 and continued to early 2020 at which time the Site was disrupted as a result of COVID-19. Although construction work was encouraged during COVID related lockdowns, progress on the Site slowed significantly.
Create recommenced work in August 2020 but with a reduced, COVID compliant workforce.
In June 2021, Octopus received a progress report from their project monitoring surveyor which reported that there were serious concerns the Site would not meet practical completion by August 2021.
Administrators' statement of proposals (2021-12-14) · Companies House register