Abbeyglen (Canning Road) Limited (14662118): administration
- Status
- In administration
- Administration began
- 2026-07-17
- Administrators
- James Alexander Snowdon, Georgina Marie Eason
- Administrators' firm
- MHA Advisory
- Incorporated
- 2023-02-14
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Weather / natural events
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 14 February 2023, with the Company registration number 14662118. The previous registered office address for the Company was 22 Wilhelmina Avenue Coulsdon CR5 1NH. The Company was formed with the view of acting as a special purpose vehicle for the development of a residential development site situated at Canning Road, Croydon.
The Company holds the title to a development site comprising the land behind 24-28 Canning Road, Croydon, CRO 6QD. The development consists of four new build four-bedroom townhouses with building works at the site largely complete. The senior lender, Lendnet Property LLP, had sought engagement from the management team at the Company surrounding both the marketing of the completed units, the satisfaction of outstanding planning permissions and building control sign off. The Company had not provided sufficient engagement with the senior lender and was in breach of the lending conditions. As a result, the secured lender sought to take recovery action in respect of the outstanding debt through the appointment of an Administrator.
It should be noted that in addition to being appointed over the Company, | have also been appointed over the connected entities - Abbeyglen Properties (Castlemaine) Limited in Administration and Abbeyglen (Tekels Park) Properties Limited in Administration. Abbeyglen Properties (Castlemaine) Limited in Administration was placed into Administration on 17 July 2026 and Abbeyglen (Tekels Park) Properties Limited in Administration was placed into Administration on 31 January 2025.
Administrators' statement of proposals (2026-09-14) · Companies House register