# 88 ST James's Street Limited Liability Partnership (OC309912)

> Why UK company OC309912 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/OC309912

- **Status:** Administration ended
- **Administration began:** 2011-05-20
- **Administrators:** Robert James Harding, Carlton  Malcolm Siddle
- **Administrators' firm:** Deloitte
- **Formerly:** Carmelite 5 Limited Liability Partnership
- **Incorporated:** 2004-11-04
- **Location:** London

## From the administrators' statement

Given the relatively short (48 year) tenure remaining on UK Limited’s leasehold interest in the Property, the directors of UK Limited had, for sometime been investigating the options available in respect of maximising value to the Group’s stakeholders

Following independent advice from the professional advisors, UK Limited’s directors concluded that value for all stakeholders 1s likely to be maximised through discussions with the freehoider, TCE to extend the term of the lease

Discussion progressed with TCE focussing on a potential extension of the lease to 125 year duration but an impasse was reached due to the value share agreement between TCE and the LLP The impasse was not resolved and on 17 May 2011, recognising the insolvent position of the LLP, on a balance sheet basis, the Designated Members invited the Bank, as qualifying floating charge holder, to appoint Joint Administrators over the LLP Form 2 6B, Notice of appointment of administrators by a holder of a qualifying floating charge, was filed at Court on 20 May 2011

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/OC309912/filing-history/MzAzOTkyMzIwMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/OC309912

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