Birkdale Retirement Village Limited (12507706): administration
- Status
- Administration ended
- Administration began
- 2023-07-31
- Administrators
- James Alexander Snowdon, Georgina Marie Eason
- Administrators' firm
- MHA
- Formerly
- Centremodel Holdings Limited
- Incorporated
- 2020-03-10
- Location
- London
- Industry
- 41202 Construction of domestic buildings
Why it went into administration
- Weather / natural events
From the administrators' statement
The directors consider that the repayment of the new FFL loan when it fell due was impacted by the budget of same month which severely impacted market stability which, together with the later Ukraine conflict resulted in building contractors, developers and their financiers being faced with a list of challenges such as:
• Greatly increased build costs with future costs difficult to predict and contain.
• Doubt about house price movements ahead even in the 3-year short term and the potential for a fall in prices.
Administrators' statement of proposals (2023-10-10) · Companies House register