Prosperity ST James House Development Ltd (11899964): administration
- Status
- Administration ended
- Administration began
- 2020-10-12
- Administrators
- Andrew Watling, Simon Campbell
- Administrators' firm
- Quantuma
- Incorporated
- 2019-03-22
- Location
- Southampton
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
The Joint Administrators were previously appointed to deal with Prosperity Cathedral View NMPI Ltd, which will be directly impacted by the outcome of the Company’s administration.
Cetra Security Trustees, security agents for Kenfin Holdings, appointed Scanlans as receivers of the Company's property in May 2020. At the present time the outcome for Cetra Security Trustees and Kenfin Holdings is uncertain. The Company had no assets from which to pay its unsecured creditors and was therefore insolvent on a balance sheet basis and cash flow basis.
The Joint Administrators were appointed to deal with the Company and liaise with the receivers in order to review their work as concerns were raised by the directors and the unsecured creditors. The Joint Administrators can take steps to replace the receivers if genuine reason to be concerned can be found.
Administrators' statement of proposals (2020-12-05) · Companies House register