KDM Hurst Street Ltd (09624200): administration
- Status
- In administration
- Administration began
- 2025-07-14
- Administrators
- Steven John Williams, Gary Hargreaves, Jessica Leeming
- Administrators' firm
- FRP Advisory
- Formerly
- YU Property (Hurst ST) UK Ltd
- Incorporated
- 2015-06-04
- Location
- Preston
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
KDM Hurst was incorporated on 4 June 2025 and KDM Tabley was incorporated on 14 June 2016, As at the date of the Administrators’ appointment, Hao Dong and Peter Norton were the directors of KDM Hurst, and Peter Norton was the sole director of KDM Tabley.
The Properties are registered under two individual freehold titles; MS636055 was acquired by KDM Hurst on 25 September 2015, which was initially funded by Lancashire Mortgage Corporation Limited; MS641252 was acquired by KDM Tabley on 1 February 2016, which was initially funded by JMK Capital Limited. In April 2018 the Companies refinanced these facilitites with BLME.
The Properties comprise of part-completed and partly-occupied residential apartment blocks. Prior to the Administrators being appointed, the Companies offered the residential apartments for sale, and a significant number have already been completed and sold. A number of other complete and incomplete apartments have live contracts outstanding and the Administrators are currently reviewing these together alongside Barkers and TLT.
Administrators' statement of proposals (2025-08-27) · Companies House register