Frep 4 (Coventry) Limited (15019885): administration
- Status
- In administration
- Administration began
- 2026-08-04
- Administrators
- Lauren Wentworth, James Saunders
- Administrators' firm
- Advisory
- Incorporated
- 2023-07-21
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Secured Creditor made available to the Company two facilities, each dated 1 March 2024, being a development loan facility and a stabilisation loan facility (together, "the Facility Agreements"), for the purposes of the acquisition, refurbishment and operation of the Property. The Facility Agreements were secured by, amongst other security, the Debenture dated 6 March 2024.
By letter dated 29 July 2026, the Secured Creditor's solicitors issued a formal demand to the Company for repayment of all sums outstanding under the Facility Agreements, being £17,675,563 as at 28 July 2026, by no later than 5pm on 1 August 2026. The Company did not repay the sums demanded by the deadline.
Following the Company's failure to repay the sums demanded, the Secured Creditor appointed the Joint Administrators on 4 August 2026.
Administrators' statement of proposals (2026-10-09) · Companies House register