# Eight Asset Management (Eightam) Limited (12583802)

> Why UK company 12583802 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12583802

- **Status:** In administration
- **Administration began:** 2025-07-11
- **Administrators:** Hugh Francis Jesseman, William Antony Batty
- **Administrators' firm:** Antony Batty
- **Incorporated:** 2020-05-04
- **Location:** London
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Board of Directors ("the Board") of the Company and not from our personal knowledge as Joint Administrators.

Eight Asset Management commenced trading in July 2020, with the Company having been incorporated two months prior, by two experienced property management professionals, Parvez Din and Nick Rich. The two founders had the intention of offering residential property management of communal areas and lettings services for individuals’ apartments. The business grew quite quickly on the back of long held relationships that the senior team had with many freeholders and developers. The Company has grown over time and carries out many of the secondary services required in block management within its own back-office team. This includes credit control, solicitor’s enquiries, accountancy and some smaller health and safety duties.

In 2022, Craig Stevens joined the senior team, and Nick Rich left the company. Since then, some restructuring of the client base has taken place and a major reorganisation happened in 2024 when many of the staff in the UK were replaced by staff in South Africa, which led to a large reduction in salaries and freed up more resources for the Property Managers.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12583802/filing-history/MzQ3OTk3MTg2NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12583802

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.