UKLI Limited in adminstration - update - Business Credit News UK
Member's Login
Email:

Password:


Save password
Forgot your password?
 Why Register?
 Register Now

Latest News Highlights
“The Sheriffs are coming” is back at 7 pm on 4th August!
Kerry Group takes e-Invoicing global with Tungsten Network
 
New Links
AddCash
MAF Business Information Services (Pvt) Limited
 




Jul 31 2014
Add this page to your favourites Need help navigating this site? View a map of this sites contents
 
Home > News > Article
 
UKLI Limited in adminstration - update
 

Jun 2 2008
Lee Manning and Carlton Siddle of Deloitte were appointed as Joint Administrators of UKLI Limited (the Company) on 22 April 2008.

UKLI was involved in ‘landbanking’, the purchase of large areas of undeveloped land which were then subdivided into plots and sold on to private investors, with UKLI retaining some of the land itself. UKLI would then seek to gain planning permission on the sites although, to date, planning permission has not been obtained on any site.

The circumstances leading to the Administration followed a petition to wind the Company up by the Financial Services Authority (“FSA”), on the grounds of public interest as UKLI had operated as a collective investment scheme without FSA authorisation.

Lee Manning, Deloitte Partner and Joint Administrator, commented: “We have written to around 4,500 investors who bought land from UKLI to advise them of their rights to return the land to the Company and to seek a refund from it, to the extent that funds are available. The letter also gives further information on what will happen next. We will be inviting all investors with UKLI to a creditors meeting in due course.”

At the time of the Administration, the Company employed 80 staff, mainly engaged in selling land, who have since been made redundant.


Print this article     
 
Channels
Post News
News Archive
News Search
Letter To Editor
 
News Headlines
“The Sheriffs are coming” is back at 7 pm on 4th August!
Kerry Group takes e-Invoicing global with Tungsten Network
Euler Hermes 2014 half year results: Euler Hermes holds its course
Robinson Way appoints new head of collections
Meeting of Creditors Liquidation Notices - Section 98 of the Insolvency Act 1986 - 30 July 2014
Appointment of Administrators Notices - 30 July 2014
Burlington launches new website with customers in mind
Winding Up Petitions (Companies) Notices - 30 July 2014
North West region leads fall in rate of business insolvencies
Official statistics on insolvencies in England and Wales for the period April to June 2014
Follow Us On
Follow us on Twitter Check out our blog posts Go to our LinkedIn profile Subscribe to our RSS feed

Shopping Cart
Items: 0 Total: £0.00
View items in your shopping cart Checkout
 


Upcoming Events
Collections Team Management
Credit Policy Workshop
Insolvency & Bankruptcy
South Leicester College Professional Programmes Information Evening
Debt Recovery from end to end
Search for more events…

Top Products
Experian Gold Limited Company Report
Experian Silver Non-limited Business Report

Special Offers
In Focus UK Credit Reports
 
 

Homepage | Feedback | About Us | FAQs | Sitemap | Terms & Conditions | Privacy Statement | Help Page | Advertising