Arcady Heights Limited - Administration

Arcady Heights Limited, the developer behind a construction site in Newlyn which overlooks Mount's Bay, entered administration on 6 August, with Christopher Newell and Nicholas Simmonds of Quantuma appointed joint administrators.

This is the second Stephens & Stephens Group company to face difficulties, with No 1 Pentire Newquay Ltd, the entity behind the One Pentire project (also in Cornwall), having entered administration in May.

Atelier Capital Partners and Phoenix Money So 1 have registered charges against the company.