MWR Property (Charles Hill) Limited (13551444): administration
- Status
- Administration ended
- Administration began
- 2023-04-14
- Administrators
- Paul Steven Cooper, Paul Robert Appleton
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2021-08-06
- Location
- London
- Industry
- 68100 Buying and selling of own real estate
Why it went into administration
- Funding withdrawn / unable to refinance
- Loss-making contracts / project overruns
From the administrators' statement
The Company’s principal activity was a holding company on behalf of its wholly owned subsidiary, T T Developments Limited (“TTD”), which traded in the buying and selling of real estate. It should be noted that Paul Appleton and | were also appointed Joint Administrators of TTD on 14 April 2023 pursuant to Paragraph 14 of Schedule B1 to the Act. The Company and TTD will be collectively referred to in this report as “the Companies”. The Companies conducted their administrative functions from the head office of connected company, Marshall Eaton Holdings Limited (“ME Holdings”), situated at Tilford House, Farnham Business Park, Weydon Lane, Farnham GU9 8QT. Co-director, Simon Marshall, is the ultimate beneficial owner of Simon Marshall Holdings Limited, which is the parent entity of a wider group of companies, which include ME Holdings and Marshall Eaton Developments Limited (collectively “the Group’).
The Company was incorporated on 6 August 2021 specifically for the purpose of acquiring the shareholding in TTD, which owns the freehold property at Charles Hill Park, Charles Hill, Tilford, Farnham, Surrey GU10 2AT (“Charles Hill Park”), a greenfield site with a residential development opportunity in the hamlet of Charleshill and set within the surroundings of the Surrey Hills.
Charles Hill Park has planning permission to build a rare collection of five luxury houses set in 27 acres of gated private parkland surrounded by mature woodland, lakes and open common land, and is within an hour of Central London and 10 miles from Farnborough Airport.
Administrators' statement of proposals (2023-06-05) · Companies House register