The Collective (Living) Group Limited (12441000): administration
- Status
- Administration ended
- Administration began
- 2021-09-15
- Administrators
- Lisa Jane Rickelton, Matthew Boyd Callaghan, Andrew Johnson
- Administrators' firm
- FTI Consulting
- Incorporated
- 2020-02-04
- Location
- London
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- COVID-19
- Sustained trading losses
- Over-expansion / investment not recovered
From the administrators' statement
TCLGL is the parent company of The Collective Group which owns, develops and operates co-living residential buildings across the UK, Ireland, Germany and the United States. HPL is an intermediary holding company and is the Borrower under the Group Facility Agreement. TCLL is the UK operating company.
Simplified Group Structure Brief History of the Companies
m The Collective Group was founded in 2010 as a provider of co-living rental accommodation aimed at students and young professionals. It subsequently expanded by acquiring a
Administrators' statement of proposals (2021-11-12) · Companies House register