Norwich-based property developer Targetfollow faces the prospect of
administration after Lloyds Banking Group petitioned the court over the
company’s £700m debt.
Targetfollow, which owns the Centre Point tower in the West End of London, is
expected to fight the High Court proceedings to put the company in
It has been fighting against administration since a third of its £700m debt
to Lloyds expired in July, reports the Financial Times, attempting to
sell assets or bring in equity through new partners.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children