Andrew Watling and Carl Jackson, partners in the Southampton office of corporate recovery and business advisory firm Quantuma, have been appointed administrators of collapsed housebuilder Mildren Homes Ltd, which has failed with the loss of 13 jobs
The administration affects only Mildren Homes Ltd, which was experiencing a period of cashflow difficulties, and no other parts of the group are in any form of insolvency process.
Watling said: ‘The company has two sites currently in its portfolio and we are assessing our options in each case.’
The first site at Hambrook, near Chichester, West Sussex, is under construction and the second site has residential planning permission at the company’s head office in Havant.
Pynham Manor in the village of Hambrook came to the market in February 2016, and is described as an exclusive collection of two, three and five bedroom homes with prices ranging from circa £500,000 to £1m.
Watling said: ‘The Hambrook site offers completed prestigious residential properties and we have a long list of interested parties, with whom we have been in touch.
‘However, we are open to expressions of interest in the portfolio as a whole or in parts.’
The administrators said they were optimistic about obtaining fair and proper value for the existing properties and would shortly be appointing local estate agents to assist with marketing.
