Whitegold Properties Ltd (09906713): administration
- Status
- In administration
- Administration began
- 2026-08-18
- Administrators
- Andrew Andronikou, Irvin Milton Cohen
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2015-12-08
- Location
- London
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 8 December 2015 as a property development company, principally dealing in the acquisition and development of property in London.
The Company subsequently acquired two principal development sites, one being Enfield in July 2016, and the other being Colehill Gardens in January 2017. The acquisition and development of the properties were funded through external lending provided by Pacific and Together.
In respect of Enfield, the Company obtained planning permission for the development of 38 residential units together with two commercial units. Despite being marketed for sale for a considerable amount of time, including through a real estate agent, GLPG, a sale of the property was not achieved. The Director attributes this to a number of factors, including a significant increase in construction costs, estimated at approximately 40%, together with the additional cost and complexity associated with constructing the approved basement element of the scheme. Enfield is also subject to VAT. These factors, together with the nature and specification of the proposed development relative to the local market, significantly affected the commercial viability of the project and rendered the scheme economically unviable.
Administrators' statement of proposals (2026-09-25) · Companies House register