IRAF UK Dragon (in Administration)

IRAF Entities (in Administration)

On 1 February 2021, Alexander Williams and Andrew Dolliver of Ernst & Young LLP were appointed as Joint Administrators to the following Entities (“the Entities”): 

• IRAF UK Dragon Limited Partnership (in Administration) (“the Partnership”)
• IRAF UK Dragon Nominee 1 Limited (in Administration); and
• IRAF UK Dragon Nominee 2 Limited (in Administration) (together “the Companies”)

The appointment to the Partnership was made by the members of the Partnership pursuant to the terms of paragraph 22 of Schedule B1 to the Insolvency Act 1986 (as modified by paragraph 9 of Schedule 2 to the Insolvent Partnerships Order 1994) and the appointment to the Companies was made by the qualifying floating charge holder (“QFCH”) under the provisions of paragraph 14 of Schedule B1 to the Insolvency Act 1986.  The Joint Administrators act as agents of the Entities only and without personal liability.

The Entities listed above own the asset known as the St Georges Shopping Centre, Friargate, Preston, PR1 2TU.

The Property Managers (Munroe K) and Asset Managers (Sovereign Centros) of the Shopping Centre remain in place fulfilling their existing roles.

Queries specifically relating to the Administration should be emailed to irafdragon@parthenon.ey.com

Media enquiries should be addressed to the EY press office – Joanne Birtwistle: joanne.birtwistle@uk.ey.com; Clare Carswell: ccarswell@uk.ey.com

A P Williams and A S Dolliver are licensed in the United Kingdom to act as insolvency practitioners by The Insolvency Practitioners Association. As Insolvency Practitioners, they are bound by the Insolvency Code of Ethics in carrying out all professional work relating to the appointment

The affairs, business and property of the Entities are being managed by the Joint Administrators, A P Williams and A S Dolliver, who act as agents of the Entities only and without personal liability. 

The Joint Administrators may act as data controllers of personal data as defined by the UK General Data Protection Regulation (as incorporated in the Data Protection Act 2018), depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Entities may act as a data processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrator’s appointment. The Office Holder Data Privacy Notice can be found at  www.ey.com/uk/officeholderprivacy