Taray Homes Ltd (10648710): administration
- Status
- Administration ended
- Administration began
- 2022-06-09
- Administrators
- Louise Longley, Julian Pitts
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-03-02
- Location
- Leeds
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Property / lease costs
From the administrators' statement
The Company was incorporated in March 2017 with Lawrence Coppen being appointed as sole director shareholder. The sole director at the time of our appointment was Lesley Coppen.
The Company was setup for the purposes of purchasing the freehold property, Bamford Point, 105 Cuthbert Bank Road, Sheffield S6 2HP (“the Property”). At the time of purchase the Property was a partly finished block of flats. The Property was purchased from the Administrators of Taray Investments (UK) Ltd (“TIUK’). The Administration of TIUK followed a delay in the development of the Property and so one of the secured lenders appointed Administrators. The Company purchased the Property from the Administrators in November 2018 for £1,500,000.
The Company approached Handf Finance Ltd (“Handf’) as lenders and proposed the above purchase, who agreed to fund the development. The Company looked for a construction company to finish the project. A contractor attended the site and priced a completion cost which was in budget and so the contract was agreed.
Administrators' statement of proposals (2022-07-25) · Companies House register