Date Published: 23rd September 2020
Joanne Hammond and Kris Wigfield of Begbies Traynor have been appointed as the joint liquidators of social housing developer Starfish Commercial Ltd after it entered creditors’ voluntary liquidation on 22nd September 2020.
Based in Chesterfield, Starfish Commercial was founded nine years ago and specialised in building homes for local authorities and housing associations as well as building sustainable homes. Sheffield-based Henry Boot took a majority stake in Starfish Commercial in August 2019.
Henry Boot said in a statement that Starfish ‘was not performing in line with our expectations, with Covid-19 also materially impacting its operations’.
Joint liquidator Kris Wigfield commented: “Like many industries, construction has been hit by the fallout of the pandemic, but, while some areas have seen a rise in activity over the last few months, unfortunately, the social housing sector still faces an uncertain future.”
Kris joined The P&A Partnership in Sheffield in 2000 after completing a BA (Hons) degree in Business & Management. During his time there he was promoted to a position of Manager within the Administrations & Receiverships team and he also completed his ACCA qualification. In 2007, Kris left to set up his own brokerage called Finance7 Ltd which specialised in advising and raising finance for Directors that were going through the process of Pre-Pack Administration. Finance7 became market leaders in generating insolvency work through their website and therefore Kris also decided to sit his JIEB exams in 2011 which he passed successfully.
In 2012 Kris was approached by Wilson Field where he became their National Head of Sales, specialising in advising Companies that needed to raise finance or restructure through an insolvency mechanism. Kris was approached by Begbies to become Managing Partner of the Sheffield office and he commenced that role in September 2017.