Garob Oswald Road Ltd (12840187): administration
- Status
- Administration ended
- Administration began
- 2023-06-22
- Administrators
- Arabella Ranby-Gorwood, Charles Howard Ranby-Gorwood
- Administrators' firm
- Arabella Ranby-Gorwood of CRG Financial Recovery
- Incorporated
- 2020-08-26
- Location
- Grimsby
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
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.
An online meeting took place between One Stop Business Finance (“One Stop”) and Arabella RanbyGorwood on 20! June 2023. Discussions focused on the increasing debt owed by the Company with limited prospect of funds coming in the near term. In addition to the Company, One Stop also have various charges on other assets outside the company.
The company consists of three properties, of which two are in the progress of undergoing significant development. One Stop had ceased providing further funding for the projects in the months leading up to this call, as well as not obtaining the relevant interest paymenis.
Administrators' statement of proposals (2023-08-19) · Companies House register