# Development Three Ltd (10909801)

> Why UK company 10909801 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10909801

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10909801/filing-history/MzM5ODY2MzYxMWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10909801

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.