Create Developments (Bispham) Ltd (12496299): administration
- Status
- In administration
- Administration began
- 2026-04-08
- Administrators
- Lee Antony Manning, Mark Supperstone
- Administrators' firm
- Saw Partners
- Incorporated
- 2020-03-04
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
Create Developments (Bispham) Ltd was established as a special purpose vehicle in relation to a residential development site at Bispham, Blackpool. The Company has been controlled by its director and shareholder, Paul Mathison, who has been a director since incorporation and holds a controlling interest in the Company.
The development site comprises 51 dwellings, including both private housing and affordable housing units, with the affordable housing element transferred separately to a registered provider prior to the Administration. The Company held a long leasehold interest in the site (for a term of 299 years from July 2023) granted by Blackpool Borough Council, who retained the freehold. Under the terms of the development structure, the Company purchases the individual freehold titles from the Council on a plot-by-plot basis upon the sale of each dwelling, with the relevant freehold title then transferred to the purchaser of that dwelling. Further information relating to the leasehold interest of the Company is detailed at section 7.
The construction model relied upon the procurement of materials (including bricks, timber and other building supplies) which were then installed by labour-only subcontractors.
Administrators' statement of proposals (2026-06-02) · Companies House register