Development Three Ltd (10909801): administration
- Status
- Administration ended
- Administration began
- 2023-09-07
- Administrators
- Nicholas Edward Reed, Julian Pitts
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2017-08-10
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 10 August 2017 and operated as a Business Development company which bought properties with a view to developing them for either resale or letting.
Rationale for Administrators’ Appointment
The Company granted a fixed and floating charge to Bloomsmith Two Limited (“Bloomsmith”) on 15 August 2022 in respect of the lending made to the Company relating to a property the Company owned at 7-8 Marlborough Terrace, Bridlington, YO15 2PA (“the Bridlington Property”). The Company also granted a second fixed charge on the Bridlington Property to Mr David Armitage.
Administrators' statement of proposals (2023-11-08) · Companies House register