Littleberries LLP (OC412009): administration
- Status
- In administration
- Administration began
- 2021-02-05
- Administrators
- Irvin Milton Cohen, Gary Paul Shankland
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-05-26
- Location
- London
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The LLP was incorporated in May 2016 for the purposes of completing the conversion of a former convent building, situated at the Development, into 11 luxury apartments which were to be sold individually as longterm leaseholds to owner occupiers. Additionally, this includes a property known as West Lodge, which is situated just off the main road at the entrance to the Development. West Lodge is presently in a state of ruin and requires complete redevelopment.
Prior to the commencement of the administration, four apartments had been completed and sold, two apartments had been completed and were being marketed for sale, two apartments were completed but required ‘snagging’ works only and the final three apartments still required complete refurbishment.
HTB has the benefit of first ranking fixed and floating charges registered against the LLP and over the Development. These charges secure the LLP’s indebtedness which, as at 2 February 2021 (when formal demand was issued by HTB to the LLP for repayment), was understood to total £13,665.685.
Administrators' statement of proposals (2021-03-31) · Companies House register