HDDL Limited (13549106): administration
- Status
- In administration
- Administration began
- 2026-05-11
- Administrators
- Lauren Wentworth, Mark Blackman
- Administrators' firm
- Advisory
- Formerly
- Harbinger Darlington Developments Ltd
- Incorporated
- 2021-08-05
- Location
- Manchester
- Industry
- 68209 Other letting and operating of own or leased real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
KR8 was first approached by the Secured Creditor on 1 May 2026 to attend a meeting with the Company's advisor. During that meeting, the Company's advisor advised that refinancing had been secured and that funds were available to repay the Secured Creditor. However, the proposed funding was only sufficient to repay the principal amount outstanding and did not provide for the payment of accrued interest or the Secured Creditor's costs. The Company's advisor further advised that, should the Secured Creditor decline the proposal, the Company's director intended to place the Company into Administration.
ADVISORY
On 8 May 2026, the Secured Creditor formally engaged KR8following service of a Notice of Intention to Appoint Administrators, pursuant to which Insolvency Practitioners from another tirm had been nominated as the proposed Joint Administrators. As the holder of a QFC, the Secured Creditor exercised its statutory right under paragraph 14 of Schedule B1 to the Insolvency Act 1986 to appoint Administrators of its choosing and requested that KR8accept the appointment.
Administrators' statement of proposals (2026-07-15) · Companies House register