Detrafford City Gardens Ltd (09558600): administration
- Status
- In administration
- Administration began
- 2022-10-03
- Administrators
- Lee Causer, Kerry Bailey
- Administrators' firm
- BDO
- Formerly
- De Trafford Estates Churchgate Block D Limited; De Trafford Churchgate Block D Limited
- Incorporated
- 2015-04-23
- Location
- Liverpool
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- COVID-19
- Property / lease costs
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Weak consumer demand
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 23 April 2015 and is owned and controlled by Gary Jackson.
The Company is a special purpose vehicle (‘SPV’) created for the development of a residential apartment block in Manchester city centre, known as City Gardens. The development comprises 109 residential units; at the date of our appointment, the Company’s assets consisted of 27 unsold residential units, and the ground rents of the development.
The Company does not have any employees.
Administrators' statement of proposals (2022-12-05) · Companies House register