NU Space Homes (Green Hammerton) Limited (12760681): administration
- Status
- In administration
- Administration began
- 2024-02-09
- Administrators
- Julian Pitts, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2020-07-22
- Location
- Leeds
- Industry
- 41100 Development of building projects
Why it went into administration
- Property / lease costs
- Rising interest rates
From the administrators' statement
Nu Space Homes (Green Hammerton) Limited was incorporated on 22 July 2020 as a special purpose vehicle for the purchase of Elm Cottage Farm in Green Hammerton, York (“the Property”) by its current directors and shareholders. The purchase of the Property was funded by facilities provided by Downing LLP and Aberclay Limited.
The Company, part of Nu Space Homes Group, is a residential construction company, specialising in providing high quality contemporary homes across Yorkshire and the Noth of England. The Property is a development of individually designed two, three and four bedroom homes located in Green Hammerton, which is well positioned between York and Harrogate.
Structural works have been undertaken at the Property through its sub-contractor base (connected party to the Company), although that company has entered into Liquidation. Significant further works are required to be undertaken prior to the properties being completed.
Administrators' statement of proposals (2024-04-16) · Companies House register