Demontfort Property Co Limited (05054037): administration
- Status
- Administration ended
- Administration began
- 2011-10-25
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-02-24
- Location
- Manchester
- Industry
- 7012
From the administrators' statement
The director has provided the following history of the Company
Demontfort Property Co Ltd was incorporated 24 February 2004 under registration 05054037 and secured a loan with Yorkshire Bank to purchase the site at Spencefield Lane, Leicester in 2005 and went on to purchase the adjacent land in 2006 Plans were submitted for 3 bungalows and 2 detached houses Dunng this period the Company secured sites at Woodland Avenue, Leicester and Village Street, Derby along with the shops at 99 Hinckley Road and 146-152 Hinckley Road, Leicester
Dunng this penod the Company secured planning on the sites and instructed builders to commence building the site at Spencefield Lane This site should have been completed within 12 months, but due to Yorkshire Bank frequently refusing to release funds on application, the builder was understandably frustrated which caused needless delays Consequently, this project dragged on and on which meant the Company was never in a position to complete the project and sell the houses, thus allowing the Company to move on to other projects.
Administrators' statement of proposals (2011-12-29) · Companies House register