Allouison Investments Limited (13799620): administration
- Status
- In administration
- Administration began
- 2024-03-11
- Administrators
- Glyn Mummery, Robert Armstrong
- Administrators' firm
- FRP Advisory
- Incorporated
- 2021-12-14
- Location
- Brentwood
- Industry
- 41100 Development of building projects
From the administrators' statement
Allouison was incorporated in December 2021 as part of a group of companies developing properties and land (please see Appendix A for the Group Structure).
Two companies within the group, BLCP Eden 1 Limited (‘BE1L”) and BLCP Eden 2 Limited (‘BE2L”) had purchased and developed a golf course in Kent, including a number of new build properties on site, which were subject to a debenture in favour of Octopus Real Estate S.a.R.L (‘Octopus”), who hold a fixed and floating charge.
The Company’s principal role in this group was to simplify the “know your customer” checks that Octopus had to conduct prior to lending, this was achieved by its simplified shareholder structure in comparison to a connected company, Pacalis Investments Limited (“PIL”). It was intended that the Company would take on the position of borrower under the Octopus loan, with guarantees and security provided by PEL, BELL
Administrators' statement of proposals (2024-05-07) · Companies House register