# Stewart Milne Homes North West England Limited (10375540)

> Why UK company 10375540 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10375540

- **Status:** In administration
- **Administration began:** 2024-01-08
- **Administrators:** Adele Macleod, Gavin George Scott Park
- **Administrators' firm:** Teneo
- **Incorporated:** 2016-09-14
- **Location:** Birmingham
- **Industry:** 82990 Other business support service activities n.e.c.

## Why it went into administration

- Weak consumer demand
- Rising costs / inflation
- Supply chain disruption
- Sustained trading losses

## From the administrators' statement

The SMGL Directors explored options to secure the future of the Group and to restructure its debt in recent years. Rising costs, a challenging supply chain landscape and a notable decline in demand for new homes meant difficult trading conditions throughout 2023.

Faced with upcoming debt maturities, the SMGL Directors engaged in marketing processes to sell the Group (as outlined in more detail below). These processes, the most recent of which ended on 3 January 2024, ultimately failed to produce a deliverable transaction, and the Group was unable to meet its debt commitments and continue as a going concern.

Steps taken to remedy/turnaround

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10375540/filing-history/MzQxMjI0NzQ3MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10375540

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.