Business & Technology
Oxfordshire development firm in liquidation after five years
Park Lane Developments (Oxfordshire) Limited, which was incorporated in November 2020, has entered a solvent winding‑up process, according to recent notices published in The Gazette and filed at Companies House.
The business’s stated activities include the development of building projects, construction of domestic buildings, site preparation, and the buying and selling of its own real estate.
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Companies House records list its registered office in London, while the insolvency paperwork gives a Northampton address.
The firm’s principal trading address is listed as being in Grafton, near Bampton in West Oxfordshire.
Companies House records also show the company remained active until the members’ voluntary liquidation resolution was passed this month.
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A resolution for a voluntary winding‑up of the company was passed by members on Wednesday, March 18, with insolvency practitioners Thomas Edward Guthrie and John William Rimmer of BRI Business Recovery and Insolvency appointed as joint liquidators on the same date.
Members’ voluntary liquidation is used where the directors have stated that the company will be able to pay its debts in full within a specified period, rather than it being an insolvent collapse.
A notice to creditors invites anyone owed money by Park Lane Developments (Oxfordshire) Limited to lodge details of their claims with the liquidators as the winding‑up progresses.
This newspaper has approached BRI Business Recovery and Insolvency for comment on the situation.