Sunderland Turton LLP (OC328326): administration and why it failed

Sunderland Turton LLP (OC328326): administration

Status: Administration ended
Administration began: 2014-03-17
Administrators: Sarah Helen Bell, Steven Muncaster
Administrators' firm: Kroll
Incorporated: 2007-05-16
Location: Manchester

Why it went into administration

Cash flow / liquidity pressure
Creditor pressure / legal action
Property / lease costs

From the administrators' statement

Statutory information on the Partnership and a summary of Its financial history ts included at Appendix 4

The Partnership owns the Property located in the centre of Sunderland which has been vacant since 2011 following the Administration of the previous tenant, and was a retail department store

The Partnership banked with RBS and had a loan account with the Secured Creditor

Administrators' statement of proposals (2014-05-09) · Companies House register

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