Stratton Land Limited - Administration

Stratton Land Limited, a developer working on 69 homes at Exmoor Gate estate in Minehead, Somerset, entered administration on 28 April.

The company had reportedly experienced viability issues with the site and secured permission from Somerset Council earlier this year to reduce its contribution towards a new community centre in the town.

James Sleight and Oliver Collinge of PKF Littlejohn were appointed joint administrators.

It is currently unclear whether remaining homes will be built.

Jardine Norton Capital C Limited, Stratton Land Investco LLP and Sarisha Limited have registered charges against the company.