DDK Estates Limited (02777560): administration
- Status
- Administration ended
- Administration began
- 2017-11-17
- Administrators
- Gareth Harris, Keith Allan Marshall
- Administrators' firm
- RSM
- Formerly
- Broughton Estates Limited
- Incorporated
- 1993-01-06
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The Company was incorporated on 6 January 1993 as Broughton Estates Limited before changing its name to DDK Estates Limited (effective from 15 January 2014) and traded as a property investment company,
The Company's share capital is owned by Broughton Group Limited and the sole director of the Company is Jonathan Mark Facer who has been responsible for the management of the Company's affairs There have been no recent director resignations.
The Company has grown significantly since incorporation and has become a long-established property investment company having built up a portfolio of land and property investments. These investments have been purchased utilising banking facilities from N M Rothschild & Sons Limited (‘Rothschild’), who continue to hold security over the Company's assets. According to the letter of demand dated 19 October 2017 and the director's statement of affairs, Rothschild are owed £8,381,753.
Administrators' statement of proposals (2018-01-18) · Companies House register