Dlux Developments Ltd (10822258): administration
- Status
- Administration ended
- Administration began
- 2022-10-14
- Administrators' firm
- Moorfields
- Incorporated
- 2017-06-16
- Location
- London
- Industry
- 41100 Development of building projects
From the administrators' statement
The Company was incorporated on 16 June 2017 and carries on the business of property developers. The Company purchased the Land on 1 October 2019 for £892,000 subject to an overage agreement, secured by way of legal charge created on 1 October 2019.
The Company entered into negotiations with a local housing association, Torridge District Council, Devon County Council and the beneficiary of an overage agreement, to agree terms under section 106 of the Town and Country Planning Act 1990 (“S106”), for affordable housing in order to increase the existing planning permission to 70 dwellings, with 50 private homes and 20 affordable houses. As at the date of Administration, the S106 agreement has not been finalised and the uplift in planning has not been granted.
2.2 Overview of Financial Information
Administrators' statement of proposals (2022-12-16) · Companies House register