Hollins Homes (Galgates) Limited (13230543): administration
- Status
- Administration ended
- Administration began
- 2024-06-11
- Administrators
- Andrew Knowles, Nicholas Myers
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2021-02-26
- Location
- Manchester
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Rising costs / inflation
- COVID-19
- Brexit
From the administrators' statement
The Company was incorporated on 26 February 2021 as a Special Purpose Vehicle (“SPV”), for the purposes of developing residential properties. The Company’s Directors on incorporation were Stephen Goodman (CEO) and Mike Cummings (Finance Director). Benjamin Goodman was appointed Director on 24 May 2023 and Mr Cummings resigned as a director on 9 August 2023.
The Company is part of a group of associated companies, known as ‘Hollins Homes Group’. The Company is wholly owned by Hollins Homes RGI Limited which in itself is owned 50/50 by Hollins Homes Limited (“HHL”) and Housing Growth Partnership !| GP LLP (“HGP”).
The Company acquired development land known as Wardfield Farm, Galgate, Lancaster LA2 0JG (‘the Property”). The cost of this land acquisition was met by shareholder loans.
Administrators' statement of proposals (2024-08-09) · Companies House register