South Chase Newhall Limited (05716016): administration
- Status
- Administration ended
- Administration began
- 2012-03-23
- Administrators
- Paul David Allen, Philip Lewis Armstrong
- Administrators' firm
- FRP Advisory
- Incorporated
- 2006-02-21
- Location
- London
- Industry
- 7011
Why it went into administration
- Funding withdrawn / unable to refinance
- Property / lease costs
From the administrators' statement
The Company was incorporated in 2006 and setup as a Special Purpose Vehicle (“SPV”) for the development of 81 houses and apartments at Newhall, near Harlow, Essex. The properties are low carbon, environmentally friendly, module units constructed on a green belt site. The aim of the Project was to offer a range of environmentally friendly affordable housing direct to the private sector.
The Company is part of a wider group of companies. The development was managed by an associated Company, Renascent Developments Limited (‘Renascent”) who ts also a shareholder of the Company.
The Company traded from Newhall and as at the date of administration employed 3 members of staff and several sub-contractors. Subsequently, these 3 members of staff were made redundant.
Administrators' statement of proposals (2012-05-23) · Companies House register