X1 Manchester Waters Limited (10423395): administration
- Status
- In administration
- Administration began
- 2026-06-04
- Administrators
- David Robert Acland, Joseph Allen
- Administrators' firm
- FRP Advisory
- Incorporated
- 2016-10-12
- Location
- Preston
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- COVID-19
- Rising costs / inflation
- Supply chain disruption
From the administrators' statement
The Company was incorporated on 12 October 2016 and is a wholly owned subsidiary of X1PML alongside X1 The Campus Limited. Following the group accounts prepared to 31 December 2024, X1PML has since acquired the shares in X1 Michigan Towers Limited and X1 Liverpool One Limited. Lisa Smith is the sole director of the Company and there are no employees.
The current development known as Manchester Waters comprised of five blocks (AE). To date, Blocks A, B and C of the Development have been completed and handed over. The Company owns the long leasehold in Block C which is operated via a management agreement by Haymarket. Blocks D and E have yet to be developed.
The Company entered into two lease agreements with Peel in respect of the land to build Blocks D and E with a long stop date for completion of the development set for December 2027.
Administrators' statement of proposals (2026-07-20) · Companies House register