Tarn (Mornings Mill) Limited (15198578): administration
- Status
- In administration
- Administration began
- 2026-02-11
- Administrators
- Milan Vuceljic, Michael Stephen Elliot Solomons
- Administrators' firm
- Moorfields
- Incorporated
- 2023-10-09
- Location
- London
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
2.1. The Company was incorporated on 9 October 2023 as a special purpose vehicle established for property development. On incorporation, the director was Antony Martin (“the Director’).
2.2 |The Company was funded by Ingenious Real Estate Finance LLP (“Ingenious”) to acquire and undertake the ground up development of Mornings Mill Farm, East Sussex, BN20 9NY (“the Property”). Although the Property was purchased in 2023 with reserved matters and planning permission already secured, the development subsequently fell behind programme.
2.3. The acquisition was financed through loans provided by Ingenious and Peter and Robert (Charles) Vine (together, “the Vines”), who collectively form “the Secured Creditors”. IRE, as Security Trustee, and the Vines hold fixed and floating charged security over the Company’s assets respectively. Under the terms of a deed of priority dated 21 February 2024 (“the DoP”), between the Secured Creditors and the Company, IRE holds a first ranking fixed charge registered against the title to the Property.
Administrators' statement of proposals (2026-04-11) · Companies House register