A meeting of creditors of Development House – connected to the Sunningdale House companies which have had administration notices filed with the High Court – will take place on Friday (August 25).
The creditors notice published yesterday (August 21) says the meeting convened by managing director David Pownceby, wil take place at 11am at Quantuma Advisory Limited, in London.
A meeting of shareholders has been called and will be held prior to the meeting of creditors to consider passing a resolution for voluntary winding up of the company.
The resolutions to be taken at the creditors’ meeting may include the appointment of liquidators.
Andrew Watling and Jamie Taylor are to act as Insolvency Practitioners in relation to Development House Ltd.
Seven administration applications were filed to the High Court this month against Sunningdale House companies and HF Developments.
Applications for winding up petitions and notice to appoint an administrator are also listed as being lodged.
Six High Court applications for administrative orders have been made by West One Loan Limited which has charges against the companies in relation to loans.
It is understood West One Loan Limited is one of three secured charge holders, who are taking steps to “trigger” the insolvency process.
The applications are being made against:
- Sunningdale House Developments (Sandgate) Limited
- Sunningdale House Developments (Walmer) Ltd
- Sunningdale House Developments (North Foreland) Limited
- HF Developments Limited
- Sunningdale House Developments (Plover Road) Limited
- Sunningdale House Developments (Evans Fields) Limited
Sunningdale House Developments (St Nicholas) and (Minster) are not listed although both have outstanding charges with Lendinvest Security Trustees Limited and St Nicholas also has one with West One Loan Ltd.
A further application has been lodged for notice to appoint an administrator to Sunningdale House Developments (TW One) Limited. The applicants are listed as United Trust Bank Limited which has charges on the company; with Cadwallader, Alex David and Deyes, Philip Jeffrey Ritson – of Brecher.
There is also an application for administration which was filed on August 9 against Sunningdale House (Heritage Farm Three) Ltd by Paragon Development Finance Limited.
Sunningdale House Developments Ltd is also listed as applying for notice to appoint an administrator on August 4.
Applications for winding up petitions were made by Omega PLC on July 27 in relation to Sunningdale House Developments (Walmer) Limited and Sunningdale House Developments (Sandgate) Limited.
An adjudication enforcement claim has also been brought in relation to Sunningdale House Development (TW One) Ltd by Red Key Concepts Design & Build Limited. This was first listed on January 31 with an order by the Judge listed the following month.
Sunningdale House Developments has sites across the south of England including in St Nicholas at Wade, Broadstairs, Monkton and Minster.
However, the sites have been and workmen reportedly stopped carrying out snagging work earlier this month.
Sunningdale House Developments formed in 2014 and was originally based in Sandwich but relocated to Manston in 2022. It was headed by David Pownceby who formerly was a director of Lilybrook Developments which was dissolved in 2013.
Sunningdale has a number of different registered companies related to different sites. Mr Pownceby has resigned from all Sunningdale House named companies.
According to Companies House Mr Pownceby resigned, as of July, from companies including Sunningdale (North Foreland) Sunningdale (St Nicholas), Sunningdale (Dover Road Walmer) Sunningdale (Sandgate) Sunningdale (Minster) Sunningdale (Maidstone) Sunningdale House Developments (TWONE) Sunningdale (Eastry).
A further resignation by Mr Pownceby is registered for August 4 from Sunningdale House Development Ltd (09323682)
The new director of some of the developments is listed as Robert John Locker.
Help us to continue bringing you Thanet news with a donation towards our running costs https://www.paypal.com/donate/?hosted_button_id=YF7BH2EF4UG2N
