Press release
Chelsea super-prime property contractor enters administration
Alex Cadwallader and Neil Bennett of Leonard Curtis have been appointed as Joint Administrators of renowned main contractor Cheevers Poole Limited from 8 September 2022.
The Chelsea-based business - established in 2013 - has operated in the super-prime property sector, offering a wide range of bespoke property solutions for global clients on more than 140 projects in the UK and overseas.
Cheevers Poole Limited has provided services that cover every stage of the construction process, from demolition to excavation, refurbishment to refit, aftercare services and beyond.
Whilst work had already ceased on the majority of Cheevers Poole sites prior to administrators appointment, Leonard Curtis and their instructed advisors are now engaging with the Companyes clients in order to preserve any value in contracts and the wider business.
Key management staff are being retained to assist the experts from Leonard Curtis in delivering the best outcome.
Alex Cadwallader, a market leading restructuring expert in the high value property sector, stated: The business has a very strong brand and impressive track record, and we will be working quickly to establish whether any of the contractual arrangements can be salvaged for the benefit of the Companyes creditors.
Dane OHara, a construction insolvency expert with Leonard Curtis, added: We will be working quickly with the retained key management to provide further clarity on the position to stakeholders.
‚None of the other companies within the group are subject to proceedings and are continuing to trade as usual.
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Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
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