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Administration · 12 January 2024

Stewart Milne Homes North West England (Developments)

Housebuilder · Manchester · North West England · Part of Stewart Milne

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What happened

STEWART MILNE HOMES NORTH WEST ENGLAND (DEVELOPMENTS) LIMITED (company number 11143010), incorporated in 2018, entered administration on 12 January 2024. Its status at Companies House is now: liquidation.

Why it failed

Profitable alone, but it relied on the Group for services and guaranteed £107.9m of Group bank debt; the Group's sale processes failed and the wider Group entered administration.

  • Main reason: Group company failed
  • Sale or investment failed

Our summary of the reasons given in the administrators' proposals. These record the administrators' and directors' account of what happened.

An administrator, a licensed insolvency practitioner, takes control of the company to try to rescue it, sell the business or get a better result for creditors than a liquidation.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

  1. 31 October 2022

    Last accounts filed were made up to this date

    12 months later

  2. 31 October 2023

    Last payment practices report ends: average 39 days to pay, 23% of invoices not paid to agreed terms

    3 months later

  3. 12 January 2024

    Administration started

    22 months later

  4. 26 November 2025

    Winding-up petition presented

    1 month later

  5. 2 December 2025

    Administration ended

  6. 2 December 2025

    Winding-up order made by the court

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Oct 2022
£45.1m
Accounts at Companies House
Profit before tax, year to Oct 2022
£7.0m
Accounts at Companies House
Net assets, year to Oct 2022
£20.9m
Accounts at Companies House
Average days to pay suppliers, 1 May 2023 to 31 October 2023
39 days
8% paid after 60 days, 23% not paid to agreed terms
Its last payment practices report

The last accounts filed were full accounts made up to 31 October 2022, 14 months before it went into administration.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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