Violet Developments LLP (OC398460): administration
- Status
- In administration
- Administration began
- 2024-07-12
- Administrators
- Philip Lewis Armstrong, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Incorporated
- 2015-02-21
- Location
- London
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- COVID-19
From the administrators' statement
Business and operations
The LLP was incorporated on 21 February 2015. The LLP’s primary asset is the Property, situated at 70 Violet Road, Bow, London, E3 3FL.
The Bank provided development funding for the redevelopment of a commercial and residential property. The funding would enable the site to be redeveloped into an 8storey building with 73 residential units and a commercial space on the ground floor with a basement.
Administrators' statement of proposals (2024-09-13) · Companies House register