# Riverhills Development Ltd (13641888)

> Why UK company 13641888 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/13641888

- **Status:** Administration ended
- **Administration began:** 2024-02-29
- **Administrators:** David Frederick Shambrook, Glen Carter
- **Administrators' firm:** RSM
- **Incorporated:** 2021-09-24
- **Location:** Manchester
- **Industry:** 96090 Other service activities n.e.c.

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs
- Rising interest rates

## From the administrators' statement

Due to the Company being incorporated as a SPV, there are no financial statements and management accounts in relation to the Company.

As mentioned above, the Company was funded by the Secured Lender, however the Company entered into financial distress towards the end of 2023 as no immediate sale of the Company’s Property was likely.

The Property is the only known asset under the Company’s name.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/13641888/filing-history/MzQxOTM5NzI5N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/13641888

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