From the administrators' statement

At the time of our appointment, one property remained to be completed and sold. A sale was agreed in principle with a third party shortly after our appointment and we are now arranging for the property to be finished in order to complete the sale.

The Company had been expecting the site to be profitable, however, a dispute arose with Simco External Framing Solutions (UK) Limited (“Simco”) a supplier of steel frames, which led to adjudication proceedings being brought against the Company.

The Company was found not to have adhered to statutory requirements relating to issue of a “Pay Less Notice” and the adjudication was awarded in favour of Simco on 17 September 2018 in the sum £342,239.40 plus interest and costs.

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Clutton Homes Minsterley Limited (10360310)

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