BTG Begbies Traynor

Case studies: Administrative receivership

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Fixed Charge Receivership for Portfolio of 145 Properties

Administrative receivership

A portfolio of 145 residential properties based in Reading with a total bank lend of £35 million. This was a complex case and we were appointed due to a technical breach rather than an arrears breach.

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Knightsbridge Property

Administrative receivership

The wealth arm of the Bank appointed receivers over a property which was within a short walking distance of Harrods in Knightsbridge.

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Kwik Fit Tyres and Auto Care Limited (Kenya)

Administrative receivership

Kwik Fit operates a chain of tyre fitting and auto care outlets in Kenya. Violence in 2008 following disputed elections and lack of working capital substantially hindered the business, causing trade to decline and the company entering receivership.

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