Millshomes Ltd. (01967516): administration
- Status
- Administration ended
- Administration began
- 2011-03-29
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Formerly
- Octran Limited
- Incorporated
- 1985-12-02
- Location
- Manchester
- Industry
- 7020
From the administrators' statement
Millshomes Ltd purchased the Houldsworth Street site in 2002 Planning permission was subsequently received for 486 apartment conversions of 3 existing Mill buildings and a new build final phase over 4 phases
The company successfully converted the phase 1 building into 180 apartments of which 140 where sold in 2007/8, leaving 40 apartments remaining to be sold 37 of the apartments are currently being rented out to tenants
Dunng 2008 work started on the second phase of the development, being 115 apartments The building was over 30% completed when the company’s bankers, Yorkshire Bank, decided to suspend funding in February 2008, in order to review the strategy for the Company Pnce Waterhouse Coopers were appointed by the Bank in November 2009 and reported in Apni 2010, concluding that they did not have sufficient information to be able to advise the Bank on the best course of action
Administrators' statement of proposals (2011-05-31) · Companies House register