# GGS Devco Limited (12883230)

> Why UK company 12883230 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12883230

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12883230/filing-history/MzU0MjU3Njk2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12883230

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