Tue, 07 Apr 2026 | ADMINISTRATION
Since our last update, the following businesses have been confirmed as having fallen into administration. All dates indicate when the administration was announced and not necessarily the dates on which administrators were appointed.
Hodson Developments (Ashford) Limited - March 31
Hodson Developments (Ashford) Limited, a housing development company based in London, fell into administration last month, with David Pike and Oliver Haunch of Grant Thornton appointed as joint administrators.
The joint administrators were also appointed to four other associated companies also working on the Chilmington Green housing development in Ashford, Kent. A spokesperson for Ashford Borough Council said that the Planning Inspector had dismissed an appeal from Hodson in January 2026 seeking more than 100 changes to its section 106 agreement with both Ashford Borough Council and Kent County Council.
In accounts for the year to December 31 2025, the company reported turnover of around £1.5 million, up from approximately £1.1 million a year earlier, while its operating losses narrowed from £1.4 million to around £1 million.
At the time, its total assets amounted to more than £179 million, but its net liabilities exceeded £3.6 million.
The associated companies that also fell into administration are: Hodson Developments (CG Two) Limited, Hodson Developments (CG One) Limited, Hodson Developments (CG Five) Limited and Chilmington Green Developments Limited.
V-Carbon Holdings Limited - March 31
V-Carbon Holdings Limited, the holding company for a carbon fibre circular economy business, fell into administration last month, with Nedim Ailyan and Glyn Mummery of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at around £9.2 million and current assets at £6.5 million, with net assets totalling £12.1 million.
Thomas’s Cycle Revolution Limited - March 31
Thomas’s Cycle Revolution Limited, a cycling retailer headquartered in Ipswich, fell into administration last month, with Dominic Dumville and Henry Page of Mercer & Hole appointed as joint administrators.
The company, which dates back to the 1980s, operates own-brand stores in Ipswich, Norwich and Colchester, as well as stores trading under the Giant name in Cambridge and Norwich.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at £622,000 and current assets at approximately £2.5 million, with net assets totalling slightly over £537,000.
Eagle Football Holdings Bidco Limited - April 1
Eagle Football Holdings Bidco Limited, a company that acquires and owns equity holdings in football clubs, fell into administration last month, with Stephen Cork and Anthony Cork of Cork Gully appointed as joint administrators.
The company holds a majority stake in Eagle Football Group, the owner of French football club Lyon. Eagle Bidco, owned by US businessman and prominent football investor John Textor, also has controlling stakes in Brazilian side Botafogo and Belgian club RWDM Brussels.
Administrators were appointed following an application filed by Ares Capital Corporation after Eagle Football Holdings Bidco reportedly defaulted on its debts.
In accounts for the year to June 30 2023, the company reported a loss of $27.3 million. At the time, its non-current assets were valued at $716,209 and current assets at approximately $793,000, while total equity amounted to around $140,000.
SHH Interiors Limited - April 1
SHH Interiors Limited, an interior design company trading as SHH Interiors, Fab Home Interiors & 1Wall, fell into administration last month, with Megan Singleton and M J Colman of Leonard Curtis appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at around £2.6 million and current assets at £1.7 million, with net assets totalling slightly more than £784,000.
Harriss Property Limited - April 1
Harriss Property Limited, a construction developer based in Margate, fell into administration last month, with Andrew Knowles and Hilary Pascoe of Leonard Curtis appointed as joint administrators.
In accounts for the year to February 22 2024, the company’s fixed assets were valued at around £763,000 and current assets at approximately £17 million, with net assets amounting to slightly less than £3.7 million.
NC 2026 Limited - April 1
NC 2026 Limited, trading as NicLen UK, a Wycombe-based company that rents professional stage lighting equipment, fell into administration last month, with Anthony Wright and Alastair Massey of FRP Advisory appointed as joint administrators.
In accounts for the year to December 31 2024, the company’s fixed assets were valued at approximately £2.3 million and current assets at £1.2 million, with net assets totalling around £882,000.
Corporate City Developments Limited - April 2
Corporate City Developments Limited, a London-based property investment company, fell into administration last week, with Paul Cooper and Paul Appleton of BTG Begbies Traynor appointed as joint administrators.
In accounts for the year to December 31 2023, the company’s fixed assets were valued at £1.4 million and current assets at around £4.4 million, with net assets totalling close to £644,000.
Neg The Treaty Limited and related real estate companies - April 6
Arron Kendall and Michael Solomons of Moorfields have been appointed as joint administrators of Neg The Treaty Limited (formerly BYM Hounslow Limited), Neg Barnet Market Limited, Neg The Treaty Sub 3 Limited, Neg The Treaty Sub 2 Limited and Neg The Spires Limited.
The companies are linked to commercial and residential real estate investor BYM Capital, share a number of directors in common and are all based at 13 - 14 Welbeck Street, London.
In accounts for the year to June 30 2024, Neg The Treaty Limited had fixed assets valued at around £31.1 million and current assets of £5.2 million, with net liabilities totalling £4.2 million.
During the same period, Neg The Spires Limited had fixed assets valued at £41.2 million and current assets of £2.1 million, with net assets amounting to £3.3 million.
Neg Barnet Market Limited had £4.3 million in current assets, with net liabilities of around £10,000.
Neg The Treaty Sub 3 Limited reported fixed assets of precisely £8 million and current assets of slightly over £938,000, while its net liabilities totalled around £977,000.
Neg The Treaty Sub 2 Limited had fixed assets of £13 million and current assets totalling slightly over £400,000, while net liabilities stood at £5 million.
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