Newcourt Construction Limited (06526581): administration
- Status
- Administration ended
- Administration began
- 2019-07-22
- Administrators
- Philip Lewis Armstrong, David Frederick Shambrook
- Administrators' firm
- FRP Advisory
- Formerly
- Shape Homes (South East) Limited
- Incorporated
- 2008-03-06
- Location
- London
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Creditor pressure / legal action
- Brexit
- Parent or group failure
From the administrators' statement
NRWL and NRL own land and property at the Wadhurst Site and, in conjunction with the Group, pursued the build and development of high-end residential homes. NCL was deemed the construction company being the principal entity holding the construction contracts as well as most employees dealing with the Wadhurst Site and the Group. Some employees were retained by NRL. NRHL was set up as a holding company for the Wadhurst site and the Group.
NRWL was incorporated on 24 April 2015, NRL was incorporated on 3 June 2011, NCL was incorporated on 6 March 2008 and NRHL was incorporated on 18 November 2014. All were registered at First Floor Front Suite, The Grange, 26 Market Square, Westerham, TN16 1HB, The land NRWL and NRL owns is at the former Wadhurst college Site equating to approximately two thirds of the former college estate. The Wadhurst Companies are a part of the wider group of companies, some of which are subject to administration proceedings. These are detailed in the definitions above.
NRL commenced to trade immediately following incorporation with the purchase of the development land it currently owns. Although some | works were carried out in the years following incorporation, the 11 proposed detached and semi-detached properties remain under construction.
Administrators' statement of proposals (2019-09-19) · Companies House register