Saxonby (Homes) Limited (08749011): administration
- Status
- Administration ended
- Administration began
- 2018-03-15
- Administrators
- Arvindar Jit Singh, Raj Mittal
- Administrators' firm
- FRP Advisory
- Incorporated
- 2013-10-25
- Location
- Birmingham
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in 2013 and was part of the Group. The Group provided design and build services for housing development projects.
Its core customer base was housing associations and private property developers with recent projects spanning Shrewsbury, Wales, Herefordshire and Worcestershire.
SAHL, a company within the Group, provided a head office function to the Group and secured debt funding to support the Group’s working capital requirements.
Administrators' statement of proposals (2018-05-17) · Companies House register