Cheviot Holdings Ltd (09949419): administration
- Status
- In administration
- Administration began
- 2019-12-19
- Administrators
- Julie Anne Palmer, Julian Pitts, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-01-13
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
Cheviot Holdings Ltd (“The Company”) was incorporated in January 2016 after the Directors identified the opportunity for a new entrant into the house building industry. After identifying the Fulforth Dene, Sacriston site as having the potential for residential development, planning consent was obtained in June 2017.
Following a tender process, Tolent Living Limited (‘Tolent’) became the preferred main contractor and discussions took place with Homes England to secure a funding package for the development.
Simultaneous with the planning process, the ground remediation works were assessed by SP Associates (‘SPA’), a geoenvironmental and geotechnical service company specialising in ground remediation who set about a selection process for suitable ground stabilisation / remediation contractors, to be included within the scope of works for the main contractor. Sonic Drilling Ltd were identified by SPA and recommended to Tolent who then agreed a sub contract to undertake the remediation works.
Administrators' statement of proposals (2020-02-19) · Companies House register