Harrogate12 Limited (10114096): administration
- Status
- Administration ended
- Administration began
- 2024-07-17
- Administrators
- Louise Longley, Julian Pitts
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-04-09
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Loss-making contracts / project overruns
From the administrators' statement
Harrogate12 Limited was incorporated on 9 April 2016 as a special purpose vehicle for the purchase of the land, stone stables and other buildings at the Devonshire Lane site in Harrogate (“the Property”) by its current directors and shareholders. The purchase and redevelopment of the Property was funded by facilities provided by Paragon Development Finance (“Paragon”) and Bramhope Property and Investments Limited (“BPI”) (a party connected to two of the directors).
The development of the site was completed in 2022 which was restored into 16 high specification private homes incorporating many original fetes and the site comprises six cottages, two apartments, six individual stone houses and two semi-detached homes fronting onto Claro Road. The development of the site is under the ‘Newby’ brand, sold via agents Nicholls Tyreman in Harrogate.
As at the date of our appointment 14 of the 16 properties had been sold, leaving 3 Mews (2 bedroom town house) and Claro (3 bedroom new build semi-detached) plus the common areas as assets of the Company. Mulberry Property Management are the managing agents for the site.
Administrators' statement of proposals (2025-01-10) · Companies House register