Silverland Investments LLP (OC347290): administration
- Status
- Administration ended
- Administration began
- 2014-02-04
- Administrators
- Anne Clare O'Keefe, Elizabeth Galbraith Mackay
- Administrators' firm
- AlixPartners
- Formerly
- River Street Investments LLP
- Incorporated
- 2009-07-21
- Location
- Manchester
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Partnership was incorporated on 21 July 2009 as a property holding partnership. It acquired its assets from Charles Topham Investments Limted a related business with common management
The Partnership’s only assets are the Properties (including land and buildings) located in and around Bolton. The Properties comprise of mostly secondary location assets, including three multi-let office buildings, six potential development sites (some of which comprise tenanted buildings), a single let industrial unit, two vacant office burldings and two residential dwellings.
The Partnership received funding from the Bank to enable the refinance and renovation of the Properties and a schedule of the fixed charges held by the Bank is attached at Appendix B. A debenture was granted to the Bank on 5 November 2009. The rental income from the Properties has been assigned to the Bank.
Administrators' statement of proposals (2014-03-13) · Companies House register