Town Manor Developments Limited (06055156): administration
- Status
- Administration ended
- Administration began
- 2021-03-29
- Administrators
- Craig Johns, Jason Mark Elliott
- Administrators' firm
- Cowgill Holloway Business Recovery
- Formerly
- Fifteen Days Limited
- Incorporated
- 2007-01-16
- Location
- Bolton
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Town Manor Developments Limited was incorporated in 16 January 2007 It was formed as a Special Purpose Vehicle (“SPV”) to acquire the freehold and leasehold property known as Fairways Garage, Heeley Road, Lytham St Anne’s, FY8 2HR, South side of Heeley Road and 221 to 225 (odd) St David’s Road North, Lytham St Anne’s for the purpose of redevelopment.
The company initially purchased the former Fairways Garage which had secured planning for twenty dwellings. The previous owner of the site was known to the current Director, who had been promised the adjoining site which was then owned by Fylde Borough Council (“the Council”), which the Council valued both sites (pre “Credit Crunch”) at £6.5 million. The Council had confirmed in writing to the previous owner, that they would sell the adjoining land and assist in 1ts design for full residential development as the whole site would be (is now) zoned full residential
According to the Director, the Council subsequently reneged on this “apparent” agreement, and proposed to a Joint Venture to develop the second Council owned site and the company owned site in to a young offenders homeless hostel This matter took over two years to resolve and the company obtained the support of local residents and several local Councillors As a result a local action group was formed in opposition to the proposed development.
Administrators' statement of proposals (2014-01-08) · Companies House register