Mill development in administrators’ hands

Administrators from business rescue, recovery and restructuring specialists Begbies Traynor have been appointed to a housing development at Chisworth, near Glossop, Derbyshire.

Nigel Price, a partner in Begbies Traynor’s Birmingham office and Paul Stanley, a partner in the Manchester office, have been appointed administrators to Balfour Homes (Chisworth) Ltd. It’s parent company Balfour Holdings Ltd, which was based in Holmes Chapel, Cheshire, entered administration in 2008.

The development of 56 high quality apartments and town houses is in a picturesque location around the old Kinderlee Mill.

Mr Price said his team was currently assessing the site, but it appeared likely that the scheme would be completed and the units offered for sale as a finished project. Some units will hopefully be finished during the spring, with the whole site completed by the end of the year.

Trade creditors were owed in the region of £31,000.

The company had no employees at the date of administration.