Sunningdale House Developments (TW One) Limited (12180506): administration
- Status
- In administration
- Administration began
- 2023-08-14
- Administrators
- Alex David Cadwallader, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2019-08-29
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Parent or group failure
From the administrators' statement
3.1 The Company was incorporated on 29 August 2019 as a special purpose vehicle ("SPV") to acquire Land on the West Side of Quarry Road, Tunbridge Wells (“the Property”) for the purpose of developing the Property.
3.2 The Company latterly traded from its former registered address Camburgh House, 27 New Dover Road, Canterbury, Kent CT1 3DN. The principal trading activity of the Company was the buying and selling of real estate.
3.3 The Company is a subsidiary of a wider group undertaking the development of a housing development in Tunbridge Wells. The Company's parent, Sunningdale House Developments Ltd, is also in Administration, Edward Avery — Gee and Daniel Mark Richardson of CG&Co having been appcinted Joint Administrators on 9 August 2023. We understand that the Company acquired the Property, which had planning permission for the development of 35 flats, on 29 January 2020 the funding for which was obtained by way of a joan facility provided by United Trust Bank Limited (“UTBL”) secured by way of legal mortgages over the Property and the Company's chattel assets dated 29 January 2020,
Administrators' statement of proposals (2023-10-16) · Companies House register