Alfred Charles Homes (Bracey’S Field) Ltd (13493769): administration
- Status
- In administration
- Administration began
- 2025-05-22
- Administrators
- Philip Reynolds, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Formerly
- Alfred Charles Homes (Martham Development & Sales) Ltd
- Incorporated
- 2021-07-05
- Location
- London
- Industry
- 43999 Other specialised construction activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 5 July 2021 as Alfred Charles Homes (Martham Development & Sales) Ltd, with it being changed to the current name on 27 July 2021. It is a wholly owned subsidiary of Elemento (Martham) Ltd and part of a group of companies known as the Elemento Group. The top company of the Elemento Group is EGL.
The Company owns the Martham site which was acquired with the support of a secured loan from Lyell. The primary ongoing activity of the Company was the development and construction of residential units on the site which was being undertaken through the instruction of EGL as main contractor, and funded by way of a development facility with Lyell.
Lyell also holds charges against the Company in respect of cross-guarantees provided for debts outstanding from other companies in the Elemento Group, being ESL, EOPL EHLL and CDL.
Administrators' statement of proposals (2025-07-21) · Companies House register