CLG Loggerheads Ltd (13513709): administration
- Status
- Administration ended
- Administration began
- 2024-08-09
- Administrators
- Robert Cundy
- Administrators' firm
- Edge Recovery
- Incorporated
- 2021-07-15
- Location
- Bromley
- Industry
- 41100 Development of building projects
Why it went into administration
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me and not from my personal knowledge as Administrator.
The Company was incorporated on 15 July 2021. On 7 February 2022, the Company acquired adjacent properties at 1 Acorn Cottage and The Green Bungalow, both of Newcastle Road, Loggerheads, Market Drayton, for £290,000 with the assistance of a secured loan from Futurebricks.
It is believed that the purpose of the acquisition was to develop the land into three separate units and planning permission appeared to be granted for this on 24 July 2020. From an inspection of the land, since the acquisition, there had been areas cleared away and the footings had been dug, but little other development had taken place at the time of the administration.
Administrators' statement of proposals (2024-10-08) · Companies House register