Kidson Homes Ltd (11418423): administration
- Status
- In administration
- Administration began
- 2024-11-22
- Administrators
- James Alexander Snowdon, Georgina Marie Eason
- Administrators' firm
- MHA
- Incorporated
- 2018-06-15
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Weather / natural events
- COVID-19
- HMRC / tax arrears
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 15 June 2018 by Bruce Kidson, the sole Director, who is also the sole shareholder of the Company.
The Company’s registered office address and trading address was Marston House, 5 Elmdon Lane, Marston Green, Solihull, B37 7DL, fram incorporation up to the commencement of the Administration on 22 November 2024. The Company has ceased trading following the appointment of the Joint Administrators; and a review of the most appropriate manner in which to realise the Company’s underlying assets in ongoing.
The Company was incorporated as a Special Purpose Vehicle (“SPV”) for the purchase and development of freehold land situated at Glebelands, Beguildy, Knighton, LD7 1YG. It is understood that this land was purchased in June 2019 from the Church of Wales for the sum of £360,000. The purchase of the land was made through a secured loan facility advanced by Gemini Finance Limited (“Gemini”) for the same amount. Additional financing was sought and granted from C & M Wealth International Ltd (“C&M”) in the sum of £414,000 which resulted in the loan to Gemini being settled on 10 March 2022.
Administrators' statement of proposals (2025-01-21) · Companies House register