River Street Assets LLP (OC349058): administration
- Status
- Administration ended
- Administration began
- 2016-11-07
- Administrators
- Benjamin John Wiles, Sarah Helen Bell
- Administrators' firm
- Kroll
- Formerly
- River Street Developments LLP
- Incorporated
- 2009-09-29
- Location
- Manchester
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
The LLP exhausted all of its available working capital facilities with no prospect of raising any immediate additional funding in order to allow the LLP to continue trading The Members concluded that the LLP was unable to pay their debts as and when they fell due.
As a result of the financial position of the LLP, the Members sought advice and subsequently confirmed they would be instigating insolvency proceedings.
After a detailed review of the LLP's financial! position and discussions with the major stakeholders of the LLP, Benjamin Wiles and Sarah Bell were appointed Joint Administrators of the LLP on the Appointment Date
Administrators' statement of proposals (2017-01-10) · Companies House register