# Piper Homes PLC (09753874)

> Why UK company 09753874 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09753874

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09753874/filing-history/MzQzMDU2MjA2NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09753874

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.