Piper Homes PLC (09753874): administration
- Status
- In administration
- Administration began
- 2024-06-05
- Administrators
- Philip Lewis Armstrong, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Formerly
- Piper Homes Limited
- Incorporated
- 2015-08-28
- Location
- London
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Rising costs / inflation
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Supply chain disruption
- Rising interest rates
From the administrators' statement
The Company was incorporated on 28 August 2015 and is an unquoted privatelyowned entity. Piper acts as the parent company to a number of subsidiaries. The Group is a regional housebuilder and affordable housing developer, based in the West Midlands and surrounding areas. The Group structure is shown below, along with a full listing of subsidiary companies shown at Appendix A:
Piper Homes PLC
Key: || Ultimate Parent Trading subsidiary Hi Non-trading subsidiary A fixed and floating charges hm Garhill fixed charge A LendNet debenture Bond Indemnitors (Pic NW arethe lead) Paragon fixed charge Note: 100 percent owned un oO over individual SPV Source: Management Inform: shares
Administrators' statement of proposals (2024-08-02) · Companies House register