# Westover Park Estate Limited (05651998)

> Why UK company 05651998 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05651998

- **Status:** In administration
- **Administration began:** 2026-01-16
- **Administrators:** Andrew Mctear, Joanna Watts
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Blakedew 584 Limited
- **Incorporated:** 2005-12-12
- **Location:** Norwich
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears
- Weather / natural events
- Energy costs
- Cash flow / liquidity pressure
- Property / lease costs

## From the administrators' statement

The Company was incorporated on 12 December 2005. Whilst the Company did not initially trade it owned the Old Refuse Tip at the Merrie Gardens site. This part of the site was contaminated and so the asset was held in a separate company. After the issues with the refuse tip were resolved it carried out certain property developments operating alongside associated companies Darlington House Hotels Limited (“DHH”) and Merrie Gardens Limited (“MGL"). These companies are connected by way of common former director LWTS and shareholder BEPL, which ran the Prospect Business Centre in Cowes on the Isle of Wight.

The above companies were also connected with a further entity called Spithead Business Centre Limited which owned a freehold property in Sandown on the Isle of Wight containing approximately 50 units which it rented out on short and medium terms leases to various industrial and commercial tenants. This company faced various cashflow difficulties from 2011 onwards and administrators were appointed in February 2013. They continued to trade the business whilst attempting to sell the main asset of the company, this being the freehold property, on a going concern basis. Subsequently the company was placed into a company voluntary arrangement which took effect from 16 June 2014 however ultimately this failed and the company was once again placed into administration in 2019 and was then dissolved in 2022. The impact of these insolvency proceedings was felt by the Company, DHH, MGL and BEPL however they were able to continue to trade, buying and developing property, although income from rentals was significantly reduced. This was impacted even further following the forced sale of BEPL’s Prospect Business Centre after a repayment demand was received from the mortgage provider,

The Company achieved a profit after tax of £13,767 for the year ended 30 June 2022 based on recorded turnover of £679,891. In the year ended 30 June 2023 the Company's profit increased further to £22,499. However, in the year ending 30 June 2024 the Company recorded a loss after tax of £122,732.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05651998/filing-history/MzUxMDIyMzIxMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05651998

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.