Woodgreen Homes (Midlands) Limited (07170224): administration
- Status
- Administration ended
- Administration began
- 2013-07-03
- Incorporated
- 2010-02-25
- Location
- Birmingham
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
Woodgreen Homes (Midlands) Limited (the “Company”) was incorporated on 25 February 2010 as an investment property company, financed by director loans from Baljit Singh and Sewa Singh Sewa Singh 1s currently the sole Director
The Company was developing two sites for housing at Two Brewers, Queens Road, Smethwick and the site of the former Londonderry Public House, Basons Lane, Oldbury However, there has been no interest in the properties despite marketing by local estate agents
Prospects for selling incomplete properties are bleak due to difficulty im obtaining mortgages for such property The site looks run down as it has not been finished cosmetically, with gardens and common areas to be completed, nor structurally, as there 1s no single property that can be classified as fully completed
Administrators' statement of proposals (2013-09-02) · Companies House register