Montreaux Binfield Limited (14190468): administration
- Status
- In administration
- Administration began
- 2024-05-23
- Administrators
- James Miller, Lee Van Lockwood
- Administrators' firm
- RSM
- Incorporated
- 2022-06-23
- Location
- Leeds
- Industry
- 41100 Development of building projects
From the administrators' statement
Montreaux Binfield Limited (‘the Company’) was incorporated on 23 June 2022. The Company was set up with the sole purpose of building a new residential housing development at Alexander Gardens, London Road, Binfield, RG42 4BS (‘the Development”). Mr David Burke is the current sole director and shareholder of the Company.
To acquire the land, design and then build the Development, the Company obtained c£8.2m of funding (plus interest) via an acquisition and development facility from Zorin Avenue Lendco 2 Limited, known as Zorin Finance (‘the Appointor or Zorin’). Zorin has fixed charge security over the Development.
The village of Binfield is located 2.3 miles west of Bracknell and 2.2 miles east of Wokingham, within the borough of Bracknell Forest, Berkshire. The Development is comprised of 21 residential units split between 15 houses (detached, semi-detached and mid terrace dwellings) and six flats which will provide affordable housing. The Development is estimated to be c90% complete. The Joint Administrators have been advised that to complete the Development, an estimated 10-12 weeks of additional build works would be required.
Administrators' statement of proposals (2024-07-18) · Companies House register