Waterstone Homes Limited (04177167): administration
- Status
- Administration ended
- Administration began
- 2022-10-28
- Administrators
- Katrina Jane Orum, Huw Powell, Paul David Wood
- Administrators' firm
- Begbies Traynor
- Formerly
- Redi-48 Limited
- Incorporated
- 2001-03-12
- Location
- Cardiff
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Rising costs / inflation
- COVID-19
- HMRC / tax arrears
- Sustained trading losses
- Loss-making contracts / project overruns
- Supply chain disruption
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was formed in 2001 as a bespoke private housing developer, to compliment the work undertaken by the associated company Jehu Project Services Limited (“JPS”), which operated as a building contractor in the affordable housing sector.
Several associated companies were created in the years that followed, notably Waterstone Estates Limited (“Estates”), a commercial property developer and Jehu Group Limited (“Jehu Group”), which was formed to consolidate the Jehu family of companies under one umbrella, (together “the Group”).
The Group operated from headquarters at Number One, Waterton Park, Bridgend, across multiple service lines within construction including both affordable residential for Registered Social Landlords (“RSLs”) and private residential, commercial, leisure & retail, health care and education and civils. The Group’s direct
Administrators' statement of proposals (2022-12-15) · Companies House register