London Richmond Limited (12570866): administration
- Status
- In administration
- Administration began
- 2026-08-12
- Administrators
- Julie Anne Palmer, Paul David Wood, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Formerly
- Raiseify Ltd
- Incorporated
- 2020-04-24
- Location
- Salisbury
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 24 April 2020 and its principal activity has been described as real estate and investment in real estate. The director has explained that the Company operated as a finance company within a wider property group, raising capital for deployment in connection with the acquisition, refurbishment and development of residential property.
As part of its trading activity, the Company’s accounting records and investor materials indicate that it raised funds through a range of interest-bearing loan notes, bonds and share-related products. On the records presently available, investor subscriptions gave rise to obligations to repay principal at maturity and, where applicable, to make periodic coupon or interest payments. The Company’s records also show that funds were advanced or allocated within the wider group and that the Company recognised substantial intercompany balances and investment-related assets.
The Company’s records identify Argo Consulting Ltd as the Company’s principal distribution partner and record large introducer commissions associated with investor subscriptions. Other introducing agents and subintroducers also appear in the records and in information provided by creditors. The director states that the Company relied materially upon Argo Consulting Ltd to generate new subscriptions and reinvestments.
Administrators' statement of proposals (2026-10-11) · Companies House register