GGS Devco Limited (12883230): administration
- Status
- In administration
- Administration began
- 2026-07-10
- Administrators
- Lauren Wentworth, Mark Blackman
- Administrators' firm
- Advisory
- Formerly
- Priestley Homes (G. George Street) Limited
- Incorporated
- 2020-09-16
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
From the administrators' statement
KR8 were first approached by the Secured Creditor on 13 March 2026 with a view to undertake an inspection of the Property and provide a review of the Company’s cash flow to provide sensitivity and options analysis. As such, a tri-partite agreement between KR8 Real Estate Limited, the Secured Creditor, and the Company was signed by the Company on 27 April 2026.
The Secured Creditor could no longer support the Company and therefore the Court appointed the Joint Administrators on application of the Secured Creditor in accordance with its rights granted with its fixed charge over the Property. The appointment was made on the Appointment Date.
No Moratorium under Part A1 of the Act has been in force for the Company at any time within the period of 2 years ending with the day on which it entered Administration.
Administrators' statement of proposals (2026-09-11) · Companies House register