CLLP Realisations LLP (OC310771): administration
- Status
- Administration ended
- Administration began
- 2017-04-28
- Administrators' firm
- Begbies Traynor
- Formerly
- Cluttons LLP; Cluttons Surveyors LLP
- Incorporated
- 2004-12-23
- Location
- London
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Regulatory change or action
From the administrators' statement
The LLP entered into Administration on 28 April 2017. Thereafter, three other associated entities Choldco Realisations (2017) Limited formerly Cluttons Holdings Limited (‘Holdings’) and CS Realisations (2017) limited (formerly Cluttons Services Limited) (“Services”) and CR Realisations (2017) Limited (formerly Cluttons Residential Limited) (“Residential”) entered into Administration on 3 May 2017 collectively termed (‘the Group’). Gary Paul Shankland and | were appointed administrators of the LLP on 28 April 2017 and thereafter, as administrators of Holdings, Services and Residential on 3 May 2017.
We attach as Appendix 2 a statement of insolvency practice 16 ("SIP16 Statement’). This SIP 16 Statement provides detailed information of the pre-packaged sale of the Group’s businesses and assets ("the Pre-Pack sale”) to a limited liability partnership Savenay LLP (“Savenay’) on 3 May 2017. The SIP 16 Statement is designed to assist creditors who may have limited knowledge of the Group and its affairs, to better understand the reasons for the Pre-Pack sale. This was sent to creditors as soon as practicable following our appointment by post on 9 May 2017.
The administrators’ proposals to creditors (“the Proposais”) should be read in conjunction with the SIP To summarise, the principal reasons for the insolvency of the LLP/the Group are as follows:
Administrators' statement of proposals (2017-05-30) · Companies House register