Detrafford No1 Castlefield Ltd (10179002): administration
- Status
- In administration
- Administration began
- 2023-05-30
- Administrators
- Howard Smith, Richard John Harrison
- Administrators' firm
- Interpath Advisory
- Formerly
- De Trafford Estates No.1 Castlefield Block A Ltd; No.1 Castlefield Block A Ltd
- Incorporated
- 2016-05-13
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Property / lease costs
- Rising interest rates
From the administrators' statement
2.1. + Background information
The business of the ‘DeTrafford’ group of companies was land acquisition and the construction thereon of residential and mixed-use property schemes. Whilst no formal group structure exists, all companies under the ‘DeTrafford’ brand are related by virtue of a common director and shareholder, Mr Gary Jackson (‘Director’)
DeTrafford No1 Castlefield Ltd (the ‘Company’) was incorporated on 13 May 2016 to act asa Special Purchase Vehicle (‘SPV’) through which the purchase of freehold land at Ellesmere Street, Manchester could be completed. The land was purchased with the intention to construct a mixed-use development comprising 419 apartments within five multi-storey blocks, together with 2,997 square metres of mixed commercial / leisure space. The development was to be known as ‘No1 Castlefield’ (the ‘Development’).
Administrators' statement of proposals (2023-07-18) · Companies House register