From the administrators' statement

The Company was incorporated on 29 August 2023 as a Special Purpose Vehicle (“SPV”) to build ten houses in Chapeltown, Sheffield, S35 1AQ. The developer at the site is Trinity Construction Management, a company connected by way of common control.

In order to finance the development, the Company secured a loan from United Trust Bank (“UTB”) and by way of security, the Company granted a fixed charge and a fixed and floating charge to UTB, both of which were registered at Companies House on 29 January 2021.

in addition to this, with consent from UTB, the Company granted a second ranking fixed charge security to Starkco Limited which was registered at Companies House on 13 October 2021. This security was in relation to borrowing by connected entities that had been cross guaranteed by the Company.

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Grantley Homes Limited (12179139)

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