# Grantley Homes Limited (12179139)

> Why UK company 12179139 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/12179139

- **Status:** In administration
- **Administration began:** 2023-08-31
- **Administrators:** Asher Miller, Stephen Mark Katz
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2019-08-29
- **Location:** London
- **Industry:** 41202 Construction of domestic buildings

## Why it went into administration

- Creditor pressure / legal action
- Funding withdrawn / unable to refinance

## 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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/12179139/filing-history/MzQxMTU4NzA4OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/12179139

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