T T Developments Ltd (07347275): administration
- Status
- Administration ended
- Administration began
- 2023-04-14
- Administrators
- Paul Steven Cooper, Paul Robert Appleton
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2010-08-16
- Location
- London
- Industry
- 99999 Dormant Company
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
From the administrators' statement
The Company was incorporated on 16 August 2010 and commenced trading in property development under the stewardship of the previous Directors, Brian and Christine Tubb. The current directors were appointed on 23 December 2021 following a management buy-out and change of ownership structure, which saw Mr and Mrs Tubb resign their directorships the same day. To facilitate the buy-out, MWR Property (Charles Hill) Limited (“MWR”) was incorporated on 6 August 2021 as a special purpose vehicle to acquire a 100% shareholding in the Company. It should be noted that Paul Appleton and | were also appointed Joint Administrators of MWR on 14 April 2023 pursuant to Paragraph 14 of Schedule B1 to the Act. The Company and MWR will be collectively referred to in this report as “the Companies’.
The Companies conducted their administrative functions from the head office of connected company, Marshall Eaton Holdings Limited (“ME Holdings”), situated at Tilford House, Farnham Business Park, Weydon Lane, Farnham GU9 8QT. Co-director, Simon Marshall, is the ultimate beneficial owner of Simon Marshall Holdings Limited, which is the parent entity of a wider group of companies, which include ME Holdings and Marshall Eaton Developments Limited (collectively “the Group”).
The Company owns the freehold properties at Charles Hill Park, Charles Hill, Tilford, Farnham, Surrey GU10 2AT (“Charles Hill Park”), a greenfield site with a residential development opportunity in the hamlet of Charleshill and set within the surroundings of the Surrey Hills.
Administrators' statement of proposals (2023-06-05) · Companies House register