Derby Labour Club Ltd (11443214): administration
- Status
- Administration ended
- Administration began
- 2025-09-17
- Administrators
- Edward Avery-Gee, Nick Brierley
- Administrators' firm
- CG&Co
- Incorporated
- 2018-07-02
- Location
- Manchester
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
3.1. During the construction period, the Company experienced delays and issues that required rectification and toward the end of 2022, the Company was required to replace the main contractor. This meant that funding provided to the original contractor had been lost and further funding was required to complete significant rectification works in addition to continuing with the construction of the remainder of the building project.
3.2 The Company instructed a new contractor in early 2023 and the construction of the Development continued. The Company negotiated an extension to the existing loan facility; however, additional security over properties not owned by the Company was granted at this time.
3.3. Throughout 2024 and 2025, as construction continued, it appeared that progress was proving to be slow and the time spent in rectifying the construction issues that were identified appeared to cause the majority of the delay.
Administrators' statement of proposals (2025-11-13) · Companies House register