# Open Fields Development Limited (11229906)

> Why UK company 11229906 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11229906

- **Status:** Administration ended
- **Administration began:** 2020-03-06
- **Administrators' firm:** FRP Advisory
- **Incorporated:** 2018-02-28
- **Location:** Preston
- **Industry:** 41100 Development of building projects

## Why it went into administration

- Bad debts / customer insolvency
- Funding withdrawn / unable to refinance

## From the administrators' statement

The Company was incorporated on 28 February 2018 by Stephen Reel and Stephen Carroll who were appointed as directors and who each held 50% of the share capital.

Following incorporation the Company entered Into a Joint Venture Agreement (Joint Venture”) with Andrea Cronshaw (“Andrea), Lesa Cronshaw (“Chantal”) and Courtney Yates (“Courtney”) hereinafter referred to as the JV Partners, in relation to freehold land at Brear Vale, dated 25 May 2018. It was agreed that Brear Vale would be developed for the purposes of residential housing which would then be sold by the Company.

Brear Vale was was originally owned by Andrea (25%), Chantal (25%) and Courtney

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11229906/filing-history/MzI2MzkxNDI3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11229906

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