LDO Realisations Limited (01467331): administration
- Status
- In administration
- Administration began
- 2024-12-18
- Administrators
- Philip Lewis Armstrong, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Formerly
- Octagon Developments Limited; Gorsecrown Limited
- Incorporated
- 1979-12-18
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Weak consumer demand
- Rising costs / inflation
- Creditor pressure / legal action
- Loss-making contracts / project overruns
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 18 December 1979 and commenced trading in 1980. Its principal activity was the development of building projects for both the luxury and mid-range residential markets. The Company has evolved since inception to include the offerings of additional service lines to cater for a broad range of clientele.
The Company has operated from Weir House, East Molesey, KT8 9AY, since 16 October 2009. The Company had 70 employees, including five active directors; Timothy David Robert Banks (Chief Executive Officer), Nicholas Stephen Riggs (Chief Financial Officer), James Robert Silverthorne (Chief Operations Officer), Angus Jason McQuhae and Laurence Holder.
The Company is ultimately owned by the following ordinary shareholders in the parent Company, Octagon Group Holdings Limited:
Administrators' statement of proposals (2025-02-11) · Companies House register