RES Homes Limited (10781847): administration
- Status
- In administration
- Administration began
- 2020-11-19
- Administrators
- Robin Parker, Jonathan Roden, Russell Parkin
- Administrators' firm
- Freeman Events Partners Holdings
- Incorporated
- 2017-05-20
- Location
- Manchester
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company was incorporated on 20 May 2017 and operated as a building developer. There are four directors. At the time of our appointment the Company did not employ any staff. It operated from Unit 19 Highnam Business Centre, Newent Road, Gloucester, GL2 8DN and was developing sites in Gloucestershire and Herefordshire.
The Company had acquired several sites in a relatively short space of time and at our appointment as well as holding a land bank, the Company had completed a small residential development of 8 luxury homes at Minsterworth. The working capital of the Company was being met by borrowing c£8.1m from Freeman Events Partners Holdings Limited (FEP) a company with three directors in common with the Company.
In the period prior to our appointment as administrators there had been a significant board dispute and relations between directors had irrevocably broken down. The lender and largest unsecured creditor, FEP, in consultation with its solicitors decided to petition the Court for the appointment of administrators and made an application on 13 November 2020.
Administrators' statement of proposals (2021-01-13) · Companies House register