Miracles By Design Limited (04407310): administration
- Status
- In administration
- Administration began
- 2023-11-18
- Administrators
- Neil Frank Vinnicombe, Paul David Wood
- Administrators' firm
- Begbies Traynor
- Formerly
- Focallease Limited
- Incorporated
- 2002-04-02
- Location
- Bristol
- Industry
- 41100 Development of building projects
From the administrators' statement
We were contacted by Lyell, the secured charge holder in August 2022 as they had effectively taken over the responsibility and costs for completing the development at 1-5 North Lane, Newhaven, East Sussex, BN9 9BF. This was due to the director being unable to carry out that role.
Lyell wanted to try to progress the site to completion before appointing Administrators, as this would maximise the return to creditors. They were unable to achieve this, however the site should only now be a couple of months away from being finished. Due to increased pressure from creditors Lyell took the decision to appoint us as Joint Administrators to manage the remainder of the project.
Administrators' statement of proposals (2023-01-17) · Companies House register