Dare (Northern) Limited (04132448): administration
- Status
- Administration ended
- Administration began
- 2012-10-31
- Administrators
- Toby Scott Underwood, Stephen Andrew Ellis
- Administrators' firm
- PwC
- Incorporated
- 2000-12-29
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Dare (Northern) Limited was incorporated on 29 December 2000, with its principal business being the conservation and sustainable redevelopment of buildings and sites of historical architectural importance At the date of our appointment it employed five people.
The Company’s developments included Axwell Hall and the grounds and gardens which surrounded it The Company intended to turn the site into townhouses and apartments in three phases Phase one involved the construction of 17 modern townhouses This phase had been completed and 16 of the 17 houses were sold Phase two and three involved the development of Axwell Hall and the Courtyard but did not complete prior to our appointment
The purchase of the site was funded with finance from Clydesdale Bank, which had security over the Company’s assets by way of fixed and floating charges created on 13 September 2005
Administrators' statement of proposals (2012-12-27) · Companies House register