Barteak Developments Limited (01363951): administration
- Status
- Administration ended
- Administration began
- 2012-07-18
- Administrators
- Dominic Lee Zoong Wong, David John Langton, Matthew James Cowlishaw
- Administrators' firm
- Deloitte
- Formerly
- Barteak Homes Limited; Barteak Limited
- Incorporated
- 1978-04-19
- Location
- Birmingham
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Companies primarily acted as a residential property developer, purchasing land, obtaining planning permission and working with a third party care home provider or housing association to develop these sites, or developing sites on its own account
In current market conditions the Companies were unable to secure the devetopment funding required to maintain a viable development programme As a consequence the Directors were faced with no alternative but to close the business, with a Notice of Appointment of Administrators being filed by the directors on 18 July 2012 tn relation to the Companies
Administrators' statement of proposals (2012-09-27) · Companies House register