4-14 Spurstowe Terrace LLP (OC417209): administration
- Status
- Administration ended
- Administration began
- 2020-07-07
- Administrators
- Arron Simon Kendall, Simon Robert Thomas
- Administrators' firm
- Moorfields
- Incorporated
- 2017-05-05
- Location
- London
From the administrators' statement
The facility with Oaknorth expired on 31 January 2020 and all of the LLP’s liabilities under the facility became due and payable.
Oaknorth requested the LLP provide a revised development programme and outline the likely costs to complete the construction of the Development. This was to be addressed as part of the restructuring of the facility. The LLP, in conjunction with Redridge, later provided a reactivation plan for the Development in which the works were to be split into two phases.
Work on the development site was halted during the week commencing 23 March 2020 when lockdown restrictions were introduced as part of the UK Government’s measures to address the Covid-19 pandemic. This compounded the already significant delays to the construction of the Development.
Administrators' statement of proposals (2020-09-07) · Companies House register