Octane Housing & Development (3) Ltd (16019238): administration
- Status
- In administration
- Administration began
- 2026-07-31
- Administrators
- Isobel Brett
- Administrators' firm
- Bretts Business Recovery
- Incorporated
- 2024-10-15
- Location
- Dartford
- Industry
- 41100 Development of building projects
Why it went into administration
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided by the Director of the Company and not from my own personal knowledge as Administrator.
The Company was incorporated on 15 October 2024 by its sole Director, Dr Candice McDonald, as a property investment and development vehicle. Its principal purpose was to acquire residential property and land with a view to holding, improving and developing those assets and, where appropriate, refinancing or disposing of them following the creation of additional value.
The Company has filed dormant accounts since incorporation and management accounts were not maintained. Accordingly, my understanding of the Company's activities and financial position has principally been derived from information and documentation provided by the Director and other parties involved in the Company's affairs.
Administrators' statement of proposals (2026-10-19) · Companies House register