Bradford Developments (Yorkshire) Limited (07271980): administration
- Status
- Administration ended
- Administration began
- 2016-01-08
- Administrators' firm
- Begbies Traynor
- Formerly
- Aspire (Citygate) Limited
- Incorporated
- 2010-06-02
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 2 June 2010 for the purpose of purchasing and developing the land on the North Side of Park Road, Off Manchester Road, Bradford
The Company has entered into agreements with individual investors which, on initial review, appears to provide a speculative off-plan, purchase under which a purchaser entered into a lease for an apartment which ts then to be re-sold at a profit
Unfortunately the Company found that it was unable to fund the development and whilst further investment was sought, such investment was not sufficient to proceed with the development
Administrators' statement of proposals (2016-03-15) · Companies House register