Administration · 26 January 2024
60 Curzon Street Developments
Developer · London · Greater London
What happened
60 CURZON STREET DEVELOPMENTS LIMITED (company number 08983270), incorporated in 2014, entered administration on 26 January 2024. Its status at Companies House is now: administration.
Why it failed
Significant delays, including from Covid-19, raised financing costs and no recapitalisation funding came, so the secured lenders appointed administrators over the Mayfair development company in January 2024.
- Main reason: Delays
- Covid-19
- Funding withdrawn
- Group company failed
Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.
An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 December 2021
Last accounts filed were made up to this date
2 years later
26 January 2024
Administration started
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to suppliers and subcontractors (estimated), as at 26 January 2024
- £6.6m
- HMRC owed £48k. Expected return to unsecured creditors: uncertain
- Administrators' proposals
The last accounts filed were full accounts made up to 31 December 2021, 25 months before it went into administration. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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