DeTrafford No1 Castlefield Ltd - administration

DeTrafford No1 Castlefield Ltd, an SPV formed to construct a 420 unit luxury residential development in Castlefield, entered administration on 30 May. This appears to be the sixth DeTrafford entity to have entered administration in the last couple of years. Despite significant interest in the development, the company failed to bring the scheme forward. In addition, a winding up petition was filed, causing the secured creditor to seek the appointment of Rick Harrison and Howard Smith from Interpath Advisory as Joint Administrators to protect its position. Endless Bridge Limited has a registered charge against the company.