Stonegate Homes (Hove 2) Limited (12839066): administration
- Status
- In administration
- Administration began
- 2025-11-27
- Administrators
- Arron Simon Kendall, Andrew James Pear
- Administrators' firm
- Moorfields
- Incorporated
- 2020-08-26
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated as Stonegate Homes (Hove 2) Limited (“the Company”) on 26 August 2020. On incorporation, the sole director was Jeremy Hinds. It is understood the Company was initially funded by way of various legal mortgages obtained over its freehold interest.
The Company’s principal business is the development of a parcel of Freehold land situated to the rear of a carpark at 106-112 Davigdor Road, Hove, BN3 1RE (“the Development Site”). The Company’s parent entity, Stonegate Homes (Hove) Limited, was responsible for the development of a block of residential flats situated at 106-112 Davigdor Road, Hove, BN3 1RE, also known as Palmer House.
More recently, facilities were provided by the senior lender, Silbury Speciality Finance Limited (“Silbury” or “the Senior Lender’), and the mezzanine lender, BH NO2 LLP (“BH2” or “the Mezz Lender’). On 9 July 2025 the sole director resigned, with Jerrel Floyd Hasselbaink appointed as the new sole director on the same date.
Administrators' statement of proposals (2026-01-26) · Companies House register